The V8 does sound good, but it's thirsty.
They slip liners but there are meant to be a couple of fixes for that if you spend the $$.
All running gear and general vehicle stuff is pretty similar or the same between the V8 and TD5.
The auto is slightly better in the V8 I believe, and usually last a bit longer.
TD5 is pretty slow stock but can be tuned, V8 can't really be helped much, but does go better than a stock TD5.
TD5 is good on fuel and it's pretty reliable.
Biggest issues would be head /head gaskets, leaky fuel pressure regulator and loose oil pump bolt, if you search for those problems on here you'll get plenty of info.
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