4.0 engines are often lying around for a reason and that is that along with the 4.6 they can slip liners when getting a bit hot. Now as you are going to rebuild the engine I would certainly check the liners with a block pressure test. I would even consider replacing the liners with top hat liners to stop them possibly slipping in the future.
However this engine has obviously has some tinkering done as evidenced by the 3.9 injection system and timing cover etc so if you are lucky it may have been top hatted. I acquired a 4.0 a little while back to build a 4.6 and when I pulled the heads the 4.0 had already been top hatted
You also need to learn the differences between the 3.9 and 4.0 (they are the same displacement with same stroke and bore) as lots of internal block parts - are different - eg different sized cranks and bearings. The 4.0 has a crank oil pump where the 3.9 has a cam driven oil pump - but as you have the 3.9 timing cover I assume it uses the 3.9 oil pump.
So just do a bit more research on the 3.9 and 4.0 engines so you know what you are dealing with.
Cheers
Garry


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always loved the MGBGT. This site has a fantastic Knowledge base and very friendly people. In terms of finding parts for your engine, keep looking on the www. The UK has plenty of Land Rover specialists, Rimmer Brothers for example deal in most things related to Rover, British Leyland, Triumph... also check out TVR enthusiast sites, as they used the Rover V8 too. I'm only a novice, but key things from what I've been told are cooling system, cooling system....cooling system. The general, car services places/mechanics etc, will likely say "Land Rover's / (their engines) are a specialist vehicle" and that's from experience (another story) however, from my research, a fuel injected engine pretty much has the same components bolted to it externally to make it work. Eg MAF sensor, IAC, TPS, injectors! etc. If your in the North of Melb, might be worth you having a chat with Romsey British Automotive & 4x4 (formerly Romsey Land Rover) very friendly, Knowledgable and easy to deal with. good luck with it and would love to see pictures and stories of progress

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