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Personally I'd get the diesel, although there's no shortage of mods to turn the stock 150hp 350 gasser into a monster. Parts are cheap but either way, you'll have some work to do. The return time will depend on the condition of the truck, work you intend to do yourself, and how much you drive it.... (make it fun and drive it a lot!)
I recall there was someone on here who did some modding to a diesel chev of this vintage and got some good mileage out of it.
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If you're in Nebraska and the wind stops or you see a tree, pull over immediately and take a nap. You're having road hallucinations.
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