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One nice feature of the newer 2.3 is that is has a timing chain instead of a timing belt. On the downside the thermostat isn't sold separately but part of an entire housing that is replaced as one unit and kinda pricey. Does the truck you are interested in have a 5sp manual or an automatic? Might want to try it out to see how it handles the hills in your area prior to purchase. I can't speak for the longevity of the newer 2.3 but the older 2.3 Lima seemed to have a long lifespan.
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