I'm at a crossroads with my purchased new 1998 truck that now has 396k miles on it. This summer, been working on addressing obvious oil leaks; oil pan and valve tappet cover done. Had a leak up front continue and after the shop put in dye, the leak is seen at the inner seal of the front gear housing where it bolts to the block. Looking for some input if this was your rig, which direction to head. New truck is not an option. 
1) Tear down to the housing and replace gaskets/seals. Major labor time (23hrs quoted) $3,800.
2) With the mileage already and intent to keep the truck, another option offered was to purchase a rebuilt long block and swap it in. About the same labor time, $11k total.
3) Live with it, but hate when stuff leaks...
Looking for some factors that would tip the scale one way. transmission, injection pump, turbo all newer within past 4 years.

1) Tear down to the housing and replace gaskets/seals. Major labor time (23hrs quoted) $3,800.
2) With the mileage already and intent to keep the truck, another option offered was to purchase a rebuilt long block and swap it in. About the same labor time, $11k total.
3) Live with it, but hate when stuff leaks...
Looking for some factors that would tip the scale one way. transmission, injection pump, turbo all newer within past 4 years.