Rebuild or sell? Looking for opinions

[Mattew]

Hey girls and guys! I wanna ask all of you for opinion on my 'a problem'. I have 1991 (2.gen) t4r with 2L-T diesel engine. It have 238k km (147k mil) on odo if that can be trusted. Overall truck is fine for its age but engine need some serious work. It is oil hungry most likely due to bad valve stem seals, never checked compression but piston rings most likely will be worn out as well. Other then then engine starts fine (almost immediately), idle fine, runs fine. Turbocharger is on its way out. Big radial play, sometimes turbine even 'grind' on turbo body itself and due to this state, it most likely leak oil as well. It will be rebuild in next month or so. Biggest problem is that truck as it is can't pass the emission test. Last time I did passed but only because I have friend that knows friend that have the other friend... Engine have remanufactured injectors, resealed and adjusted injection pump. No problems with cooling and no cracked head
Besides engine, maybe transmission could use some work in future since it's little bit noisy (heard when in neutral and idle, noise stops when you depress a clutch). Drivetrain seem to be okay, all bearings has been changed, rear axle resealed (diff. oil leaking), diff. oil changed. It is LSD diff. but I have no idea if that still works Status of Tcase is unknown since I have no idea what and how to check. Steering rack/gearbox is leaking that needs to be addressed if I wanna keep the truck, steering dampener is just two pipes atm., need to be replaced too.
Body is fine minus few dents here and there and some minor, easy to fix, rust. Frame has usual surface rust but other than that, completely healthy. Other things on the truck, 95% do work.
It is my daily driver, doing 75% on road, 25% offroad.
Question is, what to do now. A: Keep it and invest money to rebuild and fix it to 100%. B: Give it away and buy different vehicle. To be honest I have no money to buy decent used vehicle and with price tag I can allow atm. it will be in similar condition I think. And I am aware that rebuild is expensive too. Trying to decide which expensive way to chose. I would like to hear your opinions and suggestions

 

[Ogre75]

If you like the truck, keep it and rebuild it. I'm surprised the motor is in that bad a shape with that few miles, but you did say that the ODO is questionable. It will likely nickle and dime you for a long time, but as you said, the likely hood of getting another persons problems (another used vehicle) is high based on what you have to spend.

 

[Mattew]

If you like the truck, keep it and rebuild it.

Well I do like it. If everything works, then its fun vehicle to drive. Its not fast (and it is not suppose to be) but I can take it to places where other vehicles can't go Odo is very quiestionable because when I bought it, speedometer cable was disconnected, so yeah it may have more milles then what its on odo. Atm. I am realy interested in seeing engine condition after turbo rebuild. Maybe piston rings are fine along with valve stem seals and whole oil problem is just turbo dumping oil in intake/exhaust. I guess I ll do 'final' decision after that.

 

[Rose02218]

Hey. I think you need to deal with and fix problems in your car. Since you already know pretty well all the moments of her condition. Having bought another used car, perhaps you will not immediately understand what problems it has. And in the process of their appearance, they can be no less than this car

 

[Mattew]

I must agree with what you said guys. I do know what needs fixings and what's okay. Getting different vehicle is really like jumping blind into new set of problems. So I'll most likely try to fix it, problem by problem, even people won't understand why I am pouring such a big money into such old vehicle Get me gen.5 TRD for price of fixing my gen.2 and I'll take it, no questions asked
Oh and btw, last week I took apart intake pipes from turbo to manifold and there was s***ton of oil sitting there, dripping out of pipes -.- So yeah, turbo is gone, but still pushing full pressure

 

[Shiftless Joe]

A new or rebuilt turbo will likely solve all your oil and emission issues; also your clutch probably needs to be adjusted, that should quiet down the throw-out bearing.