Nah induction mods work. I've had my XJ40 done with K&N free flow filter, machined air flow meter, throttle body off a 4.0 litre jag, tuned inlet manifold and tuned (as in back pressure not noise) SS exhaust. THe car is significantly better.
Looking to do the same on the Jeep but with U.S parts it's half price.$2500-3000 gets all the breathing sorted. Keep the lift to 1-2", polyurathane bushes all round and some uprated shockers should get me 80% there.