Overland rig can mean something very different to every person. What are your plans and intended uses for the truck? How much fab experience do you have?
Me? I prefer compact vehicles. A J series truck would be way overkill for my use and it would be quite large. Don't forget the MJ has the possibility of carrying 2,200lbs of payload with a fully boxed unibody 'frame' and most parts are easily attainable...just make sure the one you buy has a good set of taillights!
Even the rotted MJ can be fun and take you places. My roached out '86 sure got a lot of interesting comments from the Telluride hikers as I came down Back Bear Pass...
The MJ's biggest downfall, other than rust and a few unobtaium parts, is the cab size. It is small. Real small.