You're looking at a 4.2, I'm assuming. . . The engine isn't as powerful as the 4.0, but it is pretty torque-ey. The problems with the drivetrain that I know of are the D35 rear axle, and it has the AX15 trans (assuming it's a manual trans), which are both rather weak, but they can be replaced later on.
Looking at an '88, I would highly recommend taking a very close look at the frame, particularly at the front driver's side at the steering gear box, as well as at the shackle mounts at all 4 corners, as those are usually the first to go. Look closely at the bottom of the front fenders and rockers, center of the windshield frame under the glass, and anywhere that is covered by the fender flares for rust that may be starting. Also take a very close look at the floor pans. If you don't find any evidence of rust forming in those areas, and the Jeep feels solid, you will most likely have a strong base to start building on.
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"Do not judge, or you too will be judged." Matthew 7:1
That's a pretty decent crawl ratio, tell Matthew congrats. :2thumbsup: