I know this is an old thread but would like to put my couple of cents in.
The LC 80 was designed for rough use, look at the stock suspension. the trailing arms way thicker and other components that are built tougher than the Land Rover Discovery and most other 4x4's of that era, which were supposed to be able to do the same kind of work off road. Because of the cost of vehicle modifications and getting them ratified for the ITV (MOT) and then the insurance most here in Spain keep modifications to a minimum. So having said that and putting it to one side my 80 is pretty much stock, yes electric cooling fan so the stock fan is gone (and yes it does work in Spain with 40+ degrees C) you just need to do it properly, and solar panel in the roof rack and other mods which making camping out more comfortable, the suspension is stock. So with roof rack packed with RTT, sand ladders, 60" Hi Lift, 40 litres of fuel, a second spare wheel, inside a full load of 'modules' to carry cooker, fridge, spare starter, alternator, CV, and everything worked out to maximum weight allows the 80 to drive fine on and off road.
My point is the suspension/steering geometry is great in stock form, the moment you 'mess' with the suspension you pretty much ruin the work that Toyota done with the OE specification, yes the steel guard protecting the fuel tank on mine has taken a knock or two on mine but nothing too bad, that is after all why it's there. Now don't get me wrong, I do get the 'great look' aspect with the bigger suspension lift and bigger wheels and tyres and the the nice paint job, but with a higher centre of gravity the ARB will be worked harder in off road situations as will pretty much every other component of the suspension. I have been off road with a number of this and other club members who have seriously modified 80's, and on one occasion climbing out of a deep ditch I broke off one of the plastic corners of the (stock) front bumper, keeping in mind the corners are sacrificial anyway and was soon riveted back in place and yes the paint does get scratched. and that's it, so with that great paint job.......are you really serious about going off road?
I think if you are into competitions as I was with my Discovery, then yes modifications are needed to cope with stresses and conditions (taken at speed against a clock), that are not seen in the typical on/off road scenario, this is because they are two completely different disciplines. Many cite the 'KISS' principle which I agree with in most circumstances, and I think if you are serious about a particular area for example competition use then fine go with it, otherwise leave it alone.
In reality the somewhat weird vehicle mod laws here in Spain making mods not illegal but the cost of making them legal (and of course the somewhat gray area of the insurance aspect), actually taught me a lot about what a good stock 4x4 can and actually will do off road, your driving skills are enhanced, the line you choose through a particularly rough track is chosen with more care, and you do (will) become mechanically more sympathetic, so sit back and spend a little more thought about the intended use of your 80 (or any other vehicle) before spending lots of your hard earned cash.
Regards
Dave