ge is a great motor just need a tt headgasket arp studs an u can still use the 7mgte harness an ecu. a guy on supramania made more then 500hp on 18psi with a mp t70 880cc injectors an a super afc doing the ge swap. i dont see anything wrong with doing the swap an many people are starting to do it.
The 2JZ NA-T a cheap swap if you already have a 7M-GTE. My argument is that it's not worth going 2JZ NA-T because he has a non-turbo 7M to start with plus the questionable reliablity with the 7M electronics. Otherwise you need to source a 7M-GTE engine harness, ECU, ignitor, CPS with slot modification, 7M-GTE coilpacks, stock AFM or LEX/550's, tachometer, R154 tranny, R154 driveshaft/frontshaft, piggyback/standalone, thicker headgasket, ARP headstuds, turbo, and exhaust manifold and conversion parts.
Now let's break it down for his case (all used prices below are averages i've seen on the f/s forums):
2JZ-GE longblock = $500
7M-GTE engine harness (good condition) = $200
7M-GTE ECU = $75
7M-GTE Ignitor = $50
7M-GTE CPS = $75
7M-GTE coilpacks = $60
R154 driveshaft = $100
R154 tranny = $400
R154 clutch kit = $450
Lexus AFM w/ 7M-GTE sensor = $100
550cc injectors = $300
SAF-C II= $300
2.0mm Cometic headgasket = $252
ARP Headstuds = $150
Turbo (say some cheap MP T70) = $800
Turbo manifold = $200
1JZ/R154 bellhousing = $344
1JZ/R154 flywheel = $280
1JZ engine brackets = $150
Grand total = $4786.00 for his conversion plus tuning, intercooler/piping, exhaust etc.
JDM 2JZ-GTE with harness and ECU = $1800
R154 driveshaft = $100
R154 tranny = $400
R154 clutch kit = $450
1JZ/R154 bellhousing = $344
1JZ/R154 flywheel = $280
1JZ engine brackets = $150
Grand total = $3524.00 and no headaches of finding used 7M parts and assume he does wiring conversion himself and swapped used oil pans (I bought a rear sump for $200 and sold my front sump locally for $200).
Just for comparison sake and adding the SAFC II ($300), Turbo ($800), and single manifold ($200) equates to $4824.00 which is $38 more than the NA-T but you have better everything. Better electronics, better pistons, and a better flowing head.
NOTE: The above lists are incomplete references and other needed parts to run these setups are omitted due to just cancelling eachother out moneywise for comparison and in no way reflects a 100% guide.