Since you are leaning towards keeping the 2.8, I got to ask where is it leaking?... rear main seal can be fixed without a world of work, timing cover, etc etc - a lot of the leaky can be fixed in place.... but like 85_ranger just said blowby - yeah, that can't be fixed inside the engine bay.
I've got a more than significant leak myself right now, it is the oil filter 90 degree adapter... I am waiting till it is due to change oil and have the stuff to do it right now (my GM has the exact same leak and is in the exact same standby slot too).