The main different between your 4.0L and the HO is a different computer system and a large redesign of the head.
You can easily convert to the full guage panel and get rid of the idiot lights, who needs that large a fuel guage anyway. When you pick up your new guage set, be sure to get the oil pressure sending unit and temp sending unit, they are different between the two different guage panels.
Be sure to keep a similar year guage panel so the speedo hooks up correctly.
I did this swap on my '88 MJ and it worked fine, but I think the fuel guage read backwards.