Good God why??? You're fond of GREAT weight (about 800 lbs for the 305) and REALLY poor economy? I didn't hold those engines in too high of esteem when they were new and they are absolutely close to the last thing I would ever want in a Jeep. The GMC V6's would have been way more appropriate for the 40's era. Sort of designed along with the same reasoning as the engine in my 1954 FWD, a straight six with a single barrel carb and 572 cid. Takes 5 gallons of gas just to start it.
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As for the 4.0, on paper it looks a lot more anemic than a 3.6. But in my experience, the 4.0 wins hands down off road with some very usable low end torque which the 3.6 is entirely devoid of. I have no plans to mess with the 4.0 in my 06 TJ I acquired last September and immediately baptized on probably what is the most challenging trail in this state. It didn't come out of that unscathed but it did very well.
I too do not see anyone making an aftermarket version of the 4.0. An extremely limited market for that and it would no doubt be considerably more expensive than just swapping in a LS which would outperform it by the proverbial mile.
yes, you and others have pointed out that the cost would be too much to be worth it - makes sense - my perspective on that topic is warped I guess from all the motor trend shows I watch - as highly regarded as the AMC 4.0 is I guess the 350 chevy is just as well regarded and much cheaper to source