Do that. I've seen plenty of 350/350 Chevy swaps in CJ7s. Then you will have the non-computer controlled vehicle that you want without any kind of major project.
im actually lookin at one right now for $15k with a 350 and 4 speed muncie m20 transmission
its a '72 CJ-5 and the best part is that its orange lol
I think I could get around $22k give or take for my TJ
it has like 50k miles on it and brand new tires and Im doing some work to the brakes because they're kinda shit right now