Excellent thread - just read through it all. I'm considering a 1996-1997 LX450 and have started my research phase...
I've been a Tacoma guy for years, and I love my truck but after starting some rock crawling, I've decided something that takes easily to larger tires and comes with front/rear lockers is worth considering.
I'm also selling my 2004 CTS-V, and am looking for a 4-door replacement...having an MR2 Turbo and an x-cab Tacoma doesn't lend itself well to taking more than one person somewhere.
So, here we are, reading up on anything I can find. I've seen a lot of trucks well over 200k, but I'm trying to find one in the 150k range; my Tacoma has 276k and doesn't scare me, but hopefully it'll result in less immediate maintenance if I get a lower mileage one up front.
Anyway, just popping in to say hi and ramble a bit. Are motor rebuilds feasible at the 250-300k mark, or do they just never die (or are junkyard motors the best replacement)? I built a forged bottom end for my MR2 last fall (something about bigger turbos and boost and..yeah

) - definitely not afraid of a wrench, and I think this will be far easier to work on than my mid-engine money pit, heh.
Are there any features (other than lockers) that I should really look for? I do want automatic climate control and leather (I've already resigned myself to redoing the seats at some point, unless I get supremely lucky with a low mileage garaged model), unless there's a reason to avoid it - sunroof would be nice (have read that there are very few problems with them).
I do find it interesting reading posts from 2008-2010 where they say what they paid for their trucks - it's looking like, if anything, they've appreciated in value since then.