I have a 99 burb K2500 with just over 105k on the clock, and overall its been a rock solid reliable machine. The only issue I've ever had with it is, as people have already mentioned, the fuel control amplifier module, which in Stanadyne's infinite wisdom is a 200W amplifier which heatsinks to the fuel supply; which in theory is great, if you always keep the tank near full so that the big tank of fuel can act as a large heat sink/reservoir. This becomes an issue when the vehicle isnt in a fleet that fuels daily. As the fuel level goes down, there is less mass to sink the heat into, and the module kills itself. Relocation onto a large air cooled heatsink and out of the V of the engine makes the module much happier.
Oh one other thing, a lot of the diesel burbs have the wrong fuel caps on them. Non-diesel caps basically stop up the tank and cause the lift pump to work extra hard because it works against a vacuum in the tank.
Other than that, overall the truck runs great! It is no CTD powerwise (well maybe like an old 12Valver, but you'd be surprised at how decent 190HP is.
One other thing to keep in mind is, basically get the concept of bombing out of your mind... 205-215HP is just about the best possible power to get out of these engines, and thats pushing it. They are simply not built to be power monsters, but more sedate but reliable motors. Many school vans we see in service are well into the 250k range on their original motor, and they run just fine.
Oh, one last thing, first thing you should do is replace the glowplugs, on just about every diesel burb i've ever seen, one or more dont work. This can cause hard starting as well as white smoke when cold.
-Dan