Hi mate,
as a Diesel driver I cannot tell you much about the V8, but there should not be too many issues with this engine as it has been around for ages in one guise or the other. As for the ABS-brakes, they came with the facelift in 1994/95, although some markets didn't receive them until a year later. The same applies to the SRS, btw. During the first years at least they were an option, so not all vehicles of this particular vintage might have those fitted. Far from being a high-tech development it was just as effective. If i only could remember who the manufacturer of the system was I'd tell you straight away...
Otherwise, as with any vehicle of that age, most faults will have shown up over time, so what you can expect depends on the level of care of the previous owner(s).
Cheers
Johannes
There are people who spend all weekend cleaning the car.
And there are people who drive Discovery.
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