I have a TBI 350 out of a '95 chev truck ($850) with a stage 2 700r from bowtie overdrives ($1400) in my jeep. I have 4:88 gears and can still go 75 at about 2700-2800 rpm with 33's. (I plan on 35's) I think this is a great combination cause I can crawl good enough, and I can do pretty good on the sand dunes (which is a blast). And about the weight, I think I read that a 350 wieghed the same or less than my old straight 6. - correct me if I'm wrong.
I an very glad I did it, although it cost a lot more than I thought it would.