One of the off road magazines (don't remember which) had this as one of the worst engine swaps you could do. Sometimes they just write to fill pages; but looked like it's not a great swap.
Chrysler/Jeep 4.7L V-8
The candidate: The Chrysler 4.7L overhead cam first saw Jeep duty in the '99 Grand Cherokee and wormed its way into the Dodge Dakota and fullsize Ram platforms as well.
The perception: For under $3,000, I can pick up a thrashed Grand Cherokee with the 4.7L and five-speed auto tranny and put it in my trail Jeep.
The reality: Have you ever looked under the hood of a 4.7L-powered Grand Cherokee? Besides looking like a nightmare to extricate, the WJ's overhead cam 4.7L is super-wide, very complex, and only puts out around 235-265hp. And again, there's very little in the way of aftermarket harness and ECU support to make the swap easy.
The exception: We really can't think of any.
We think: If you want modern V-8 power, you'll be way better off finding a wrecked Silverado and nabbing the 5.3L Vortec engine instead.