I've talked out with a couple wheeling buddies of mine about what kind of trails and driving I'll be doing. I've decided I don't want a radical trail rig, but rather something I can use to snowboard, and light duty trails (hunting or just fun).
I think for now, I'm going to keep my sami pseudo stock. Here's what I'm thinking now...
Calmini shackle reversal w/ 2" lift
~ 235 75 R15 All Terrain tires... maybe something a little more meaty?
~ 1.6L Short Block
~ 1.3L Head with 1.6L exhaust valve
~ Special ground cam from hawkins.com (already on my dresser

)
~ Tri-Y header, or home brew header (famous last words - how hard can it be? )
~ 2" or 2 1/4 exhaust with chevy V6 exhaust (good flow, still quiet)
~ Rocker and diff armor.
~ Transfer case gears (I know diff gears would be less stress on driveline - BUT I don't think I'll be working driveline too hard with 29" tires)
~ MAYBE Lockrites 'cause Quaddawg likes them so much

Actually, since I'll be going up in now / ice, I'll probably avoid doing lockers 'till I can find a limited slip, or go ARB. Apparently Lockrites are REALLY bad in the snow. So much for the cheap solution

Wish I could afford diesel conversion, as I REALLY like diesel... unfortunately I don't have that kind of $$$. Also - I'm FAR more comfortable diagnosing a gaser.
~J~