I still have my '83 1/2T 6. 2L Suburban 4wd, now with 4:11's, and around 230k miles. The first thing you need to know (if it is a 1/2T), is that the 700r4 Automatic, at least in '82 & '83, was a real dog. GM got sued over the quality and they ended up extending warranties. Mine was rebuilt the first time at 55,000 miles. The dealer wanted to charge me and they argued with the district service rep whose boss said fix it, no charge. Since then, it has been re-built 3 or 4 times, by 3 different shops. It is now sitting again with the transmission out after an oil change shop put slick50 in during a fluid change and caused the clutches to slip. I am waiting for a 400 transmission to come along to replace the 700R4. All 3/4 and 1Ton 6. 2L Chevys had the 400 Auto.
Some people have had good luck with that transmission, but I would not have one again, especially behind the diesel. It has a different torque converter and valve body. One from a gas engine Chevy won't work. Mods for the gas version can't be done to the diesel version (according to the shops that worked on mine). I also had a '94 K5 Blazer with the same transmission but gas engine. It lasted to about 110,000 before first re-build.
Other than that, the 6. 2 runs good and tows fine until you hit a hill. That's why I changed to 4:11's. I towed around 6 to 7,000 pounds and got 13 mpg at 65mph, and could maintain that on mild grades, but have slowed down to as slow as 35 on steep hills in Texas.
They fixed the injector pump problem on those around 1985 or 1986. I never had a pump problem after that.
One other item. I met an RV'r who towed a pretty good size camper, probably a 20 or 25' behind his mid-80's Suburban with the same engine and transmission. He installed a Banks turbo-charger and 4:11 gears, but said it did not improve performance much on the hills.
Personally, I can't imagine why anyone would want to buy an old Chevy with a 6. 2 unless it is to replace the engine with a Cummins. I don't plan to ever sell mine, but hope someday to do something wild with it since it is a 4WD. My wife says I'll probably be buried in it, but will keep the Ram for the kids to drive.
------------------
98. 5 24V QC 4x4 SB 3:54 5sp