So... I have only bench raced this in my head. Have not seriously researched. But, at one time, I thought it was not a matter of "if" but a matter of "when" my LJ got a V8 swap. Finances aren't what they used to be though, and chances are now slim of it ever actually happening.
But, anyway... My thoughts - NOT thoroughly researched and vetted - more like initial thoughts...
Banks turbo easily the best bang for the buck. Going to cost way less than a V8 swap. Like, WAY less.
V8 swap, way more expensive. By the time you finish buttoning up a new transmission, wiring harness, programming, exhaust, cooling, drivelines, getting it to pass emissions and get it registered and all the other nickel and dime you to death stuff, my initial estimates are probably three times as much money as the Banks turbo. And way, way, WAY more work and problems to solve. For all that though, you get MORE power! And, hopefully, and this is a biggie for me, more range via better MPG. The Banks kit is going to reduce your existing MPG and therefore your range. That's a big deal for me, personally, but I understand it doesn't even matter to most people. But I would hope to match the MPG my 4.0 gets with a V8 swap. Most who have done it report getting better than I do. I don't believe it, most of the time, but I would sure hope to get 12 - 13 MPG with an LS motor.
Stroker… NO thanks. I've never seen anyone have that go smoothly. They have all had cooling issues, tuning issues, emissions issues, you name it. And I don't want to have to run premium fuel either. Reliability is a big deal to me. A big deal. I really haven't ever even considered a stroker as a viable option. Even the guys I know of that have paid big money to buy them from Golen or Hesco, have had nothing but headaches with them.
End of the day, realistically, for myself, the Banks turbo kit would have to be the winner. If I had the money to spare though, I'd rather have a V8. But for the differences in cost and project scope, it's not realistically very likely for me. But I could pull off the Banks kit for less than $4k completed. Even that, ain't likely though, at this point.
- DAA