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edit; My 2¢.
Pros. Been around for a number of years. No computer controls. Parts are easy to find. Parts are usually cheap compaired to other diesels. Will basically "bolt in" when swapping out a Chevrolet V8 gas engine. Gets pretty decent mileage. Can be run on other fuels besides diesel fuel such as biodiesel, waste vegetable oil, used motor oil and Transmission Fluid. A fair amount of info can be found on the internet about different repairs or preventive measures.
Cons. Not exactly a powerhouse. Has about the pulling power of a 305 gas V8. Problems on some older engines of the same family were cracked engine blocks, broken crankshafts, cracked heads, to name a few.
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