Find out when the injectors were last done. With the experience I had, they were more prone to going out around the 100K mark. It's about a 5K dollar bill at the dealer to get them redone.
I really liked my LB7 and some days still wish I had it. Always got 17.5 with a light tune of extra 40 HP from a Diablo Predator programmer.
IMHO, stay away from EFI live, especially in the LB7 motor. There is a glitch in the electronics where the EFI live will just completely shut the truck down. It didn't occur with all of them, but was VERY common.
Go over to the dieselpage.com and read all the threads you want about the LB7 motor and the issues it can have with EFI Live. Nothing wrong with EFI live, it's a great product, just a glitch with that particular model that will leave you stuck along the road.
Check the front end, if minimal maintenance was done, it could be slopped out. Great truck and great motor. The Allison transmission is one of the best tranny's out there, just be careful. The more HP you throw at it, the more pissed off it will get. Trust me, them programmers are fun but they make everything expensive in a fast hurry.
The more you up the power, the smaller your bank account gets.