I like the idea, 250 bronco! sounds up my alley... my opinion might be biased* lol
the 250 is more low rev vs it's cousin 200, longer piston travel, longer rods, I take my mustang on many dirt trails, some I should I shouldn't but it comes thorugh the same, I really like stick shift...
is your LUBR to be 4x4? If so you'll have a lot to do, the engine is alot longer than a v8, and long enough to runa an electric fan instead of the 200 with a mech (but that helps performance) but with 4x4 it can be done and would be very unique

(unlike them cookie cut'n v8's)
If you do go 250, I advice is to think it through, you'll want a torque beast, and teh SBF can do the same, but it's not... the torque on the 250 will stay with your entire rpm range vs the v8 it comes on little later compared (still lots of torque on both engines, just say'n the i6 is sooner where it's needed)
for tq, think 9.0-9.5 CR range, nothing higher other wise you'll start making hp and needing higher gas, for mpg only clean up the intake ports and put larger valves in there keeping the exhaust flowing 65-80% of what the intake flows (IIRC it's the best ratio for peak mpg) then get a single grind cam, the 250 can use alot because of the restricted head, so a 264/264 would be good, but I would recomend 274/274 for the extra cubes. you'll want vacuum so naturally 112.
with this you'll be close to gene's mavrik and if you went the extra route and got the 2bbl direct mounted a nice 350 or 500 holley would suit you well on any trail you take. the manual will give you more power so that is an option.
Good luck and keep us updated with any pics
*(at least I gave ya a warning)