As mine sits now i have somewhere in the neighborhood of $2500 bucks in it. With another 7500 dollars I would def do an engine swap. Probably do a better lift after that. I have a shackle lift which I am not happy with at all. Maybe some lockers, armor and winch from there and honestly I would probably be happy at that point. I think with a 1.6 16V swap with about 3 inches of lift or so and locked up with good tires you would have a very capable performer that still makes a decent daily driver.
$2500. now
$849 OME 2 inch lift
$300 1.6 16V from salvage(guesstimate)
$300 Performance Clutch from trail tough
$580 Trail tough 1.6 conversion kit
$500 Lockers from Trail tough
$599 4.6:1 T Case kit from trail tough
$400 Winch
$400 Fabrication money for bumpers(Probably a lot more than i will need)
$200 Fabrication money for rock sliders(again, probably high estimate
$1000 five superswamper 29/10.50 or 9.50 not sure which i would go with. And a matching rim for the four i have
That would total about $7700 bucks. So i would have a 2300 dollar cushion for stuff i may have left out. If i had 7500 dollars on top of my 2500 that i have invested now, i think i could have a kick ass rig that was still useable as a daily driver. I think set up like this you could do some decent trails but still have a somewhat civil rig on the roads.
So the big question is this: Who is going to pony up the 7.5 Gs for me to start ordering parts
Edit: I forgot I am in desperate need of different seats. Mine are shot. Not tore up they just dont give any support. I have seen a lot of people swap in neon seats. So probably would go that route.