What transmission has your truck got, manual or auto?
I can recommend the Duraspark II stuff, but can't say you'll get the gas mileage you mentioned in your other thread. I only ever got 12-15 MPG out of my rebuild 2.8 running the DSII, but I also had a cam, headers full dual exhaust, intake, and a poor tune on a 390cfm Holley 4bbl. Mine wouldn't have been great on gas regardless, and my lead foor didn't help either. I can't say how good a near stock 2.8L with a much smaller 2bbl carb would do, bound to be better than I got. I think that most people do the swap because as it gets older the stock electronics start failing and get unreliable, and some of those parts can be hard to come by now.
Since you are doing a rebuild you will be replacing all gaskets which is the first thing I would have suggested. I'd recommend picking up a set of metal timing gears, the factory ones were phenolic (a strong composite) with a metal ring pressed on the out side for teeth. Metal ones weigh about the same but are much stronger, and you won't have to worry about potential failure from stress and fatigue. Go ahead and pick up a high volume oil pump, doesn't cost much more that the stock volume unit and it's a little extra insurance. Go ahead and have the heads checked, don't want to get it back together and find out they are bad (this engine design is prone to cracked heads). While it's at the shop might be a good time to have a valve job done, but y'all probably knew that already. Let your machinist check the block and crank, he'll tell you what you need to get for bearing sizes, piston sizes, etc.
If you end up with a spare set of rocker arms, shafts and pedestals (which you will since you got two motors) I'd recommend doing the free floating rocker mod. This mod is more for people that are building higher revving street engines, but it reduces friction on the rocker arms, which in turn can free up power which makes the engine more efficient. More efficient engine means better gas mileage. Speaking of freeing up power for increased efficiency an electric fan might be worth looking into.
If you're looking to get a little more power, a cam would be a great place to start. For your 4x4 I'd recommend something that makes power in the lower RPM range, unless you are playing in the mud most 4x4 use most of their power in the lower part of the RPM band. It's risky if you don't know what you are doing, but a mild Port & Polish can free up a little power as well, not something I'd recommend unless you got a good set of spare heads. If you do those I'd recommend a set of headers to go with. Not really necessary for a stock rebuild though.
Outside the engine, you might want to look at the transmission and gearing. IIRC if you have a manual transmission you can upgrade the flywheel and clutch to 4.0L components which are stronger. If you have an auto, install a separate transmission cooler. If your trans is in rough shape one from a 4.0L Ranger should bolt right up. Only other thing to look at would be your gearing int he axles, make sure it is appropriate for your tire size (if not stock). There's a calculator in the tech library that will take your stock tire size, gear ratio and new tire size and recommend a new gear ratio to regain stock like performance.