The only reason a 1st gen would be preferred over a 2nd is availability of off-the-shelf off road equipment - kind of the same reason why you would buy a Jeep over a Suzuki - you can buy almost anything you want and bolt it on - since you say you're not interested in heavy modifications, I don't see that as a disadvantage.
There are many reasons a 2nd gen would be preferred over a 1st gen - lets start with more power, in addition to the 1.6 of the 1st gen, they were available with 2.0 four cylinder engines and the 2.5 V6 (I think the 2.0 is the better choice), they are larger, more comfortable, typically have air conditioning.
Under the skin, apart from engine size, the two generations are actually very, very similar - both are body on frame construction, both have two speed, part time, chain driven, transfer cases, both have MacPherson strut independent front suspension, both have live rear axles - the first gen have three link rear coil suspension (the upper link is a triangular "wishbone" that locates the axle sideways) whereas the second gen have four link with panhard rod, the first gen has recirculating ball steering (power assisted), whereas the second gen have rack & pinion, also power assisted.
Both generations use an aluminum alloy front differential housing, which is considered weak - two situations are known to cause the axle to fail - large grippy rubber in rocks, or allowing a front tire to spin free and then suddenly stop - you know the scenario, you're on three wheels, scrabbling for grip, then one rear tire bites and the vehicle lurches forward and is suddenly back on all four wheels. Later production (after around 2003), second gens, with the V6 & manual transmissions, have a steel axle that supposedly fixes this problem.