The answer may not be a V-8 at all. A diesel inline six from Mercedes might be a good choice. There has been a lot of interest lately in the five cylinder OM617 amongst the Toyota Minitruck crowd. With a standard output of 125 hp and 184 lb ft (250 Nm) it probably wouldn't be enough engine for a Land Cruiser, but maybe the inline six cylinder Mercedes OM606, 3 litre, would fit the bill. The OM606 is rated at 174 hp and 243 lb·ft (330 N·m) with what looks like a not so difficult path to increase to something like 240 hp and 440 lb ft (596 Nm). According to
the Wikipedia page for the Mercedes OM606 it has a dry weight of 463 lbs (210 kg). Donor cars would be late 90s, early 2000's E class automobiles.
Bendtsen’s Transmission Adapters offers an adapter to pair the Mercedes engine with GM manual and automatic transmissions. Advance Adapters has
the parts to match those transmissions with the Land Cruiser transfer case. If this all seems like too much trouble, check out this
video of Nissan Patrol vehicle powered by a similar engine from another German auto manufacturer.