Hi mike,
I try to go out to the Ouray, Silverton, Lake City, Telluride area twice a year. I live in Ohio, so it's a long drive (1600 miles), but I sometimes fly into Denver and rent a Rubicon or Hummer H3. It's not so much what I drive or ride, it's just being out there.
I started out there with a new Cherokee in 1991 and have been hooked since. I usually stay in Ouray at the Riverside Inn. It's got cabins on a stream for about $55 a nite and is surrounded by red rock on 3 sides. The other nearby towns don't have the ambience that Ouray has, just bring the night life because they all roll up the carpet at 9pm.
Lots of Jeeps, and KTM's there. Ouray is nicknamed "Switzerland of America" for a reason. It's got 13-14K' mountains on all sides.
Sold the Cherokees and I trailer my '93 Cummins H1 or a KTM 525 out there now, or I'll fly in and rent a Rubicon for a few days. Jeep rental is about $150/day. The trails are wide, just some of the rocks are sharp, so good tires and a spare are a must.
Ouray is the epicenter of scenic jeeping in Colorado. Head south on 550 and take Black Bear over to Telluride, and Imogene back to Ouray. Or Engineer's over to Animas Forks and to Lake City, over to Cinnamon and down to Silverton.
The trails are easier today since the graded portions of them, but Black Bear, Pookepsie Gulch and Corkscrew are still fun.
A stock Jeep with good tires will easily make most of this, but it's always best to travel remote areas with another vehicle if you need to do an extraction.
Weather can get bad quick at 12,000 ft, so take rain gear and provisions if you get stuck.
People are real friendly and don't care what you're driving. Lots of Texans there, and good BBQ at the Riverside.
If I toss my KTM in the Ram, I can get across Engineers to Animas and down to Silverton and up 550 to Ouray, but some of the trails aren't kind to the longer wheelbase or ground clearance of the Ram.
As mentioned, Governor's Basin is worth the effort. Engineers and Imogene are worth the trip, but I like the Corkscrew, Cinnamon and Gov. Basins areas the best.
Pics attached.