OK, WHOA, WHOA WHOA, hold on a minute here people, theres a LOT of wrong or misrepresented info here.
first off, no, that is not a 4.3, it IS a 2.8 (they came optioned 84-86)
second, that is not the awsome TH350 auto, the TH350 has a bellhousing pattern that only fits 90 degree chev engines (ie small/big block V8, 4.3 V6) but the 2.8 is a 60 degree engine(which refers to the angle of the cylinder bores in relation to each other) It does have the same LOOKING pan as a 350 turbo, but it is not possible to have that trans and engine. do more research on the 84-86 autos in cherokees, im not sure what it is, some chrysler weakling.
third, if youve already found and replaced the fuel pump, then i dont know what to tell you, but all the 2.8 carb models (the only ones that came in cherokees) had a mechanical fuel pump on the drivers side of the block, on the bottom.
fourth, yes the 4.3 did come with a carb, on full size trucks, but never in s trucks, you could have a 4.3 vortec with a carb though, just by swapping intake manifolds to an aftermarket unit and buying the carb
fifth, as for the 4.3 conversion, dont even get me started. its not worth it! you dont just "drop it in" with new motor mounts, you need to buy a trans that fits it (remember 90degree vs 60 degree? i used a 350 turbo) then you need to buy a $500 + adapter to your transfer case, ( and you dont have one of the best) or you could use a chev transfer case with a drivers side drop (but you would have to cut new, ugly holes in the floor) you have to fab up a cross member to support this all, and shorten lenthen driveshafts)
if you go with a carbed 4.3, then you can just get a stock, block mounted fuel pump, or external electric low psi, if you get a TBI then you can buy a 4.0 liter fuel pump sender/assembly tree, (they run the same pressure) but thats another $150ish. if you get the vortec CPI injetion, you have to fabricate a high(62-70psi) S-truck fuel pump into the jeeps intank sender tree(not easy, even for an expert mechanic!)
also, in 87, jeep changed the engine bay/radiator front end mounting, and used a new radiator to fit the 4.0, and to cool that 4.3 you need a radiator built for the 4.0 liter, you will have to cut up front sheet metal and rearanger your radiator mounts to fit the new, much wider radiator (not to mention youll have to have a radiator shop rearange the outlets in the radiator, cause the 4.3's are revesed from both the 2.8 and the 4.0 outlets, which will cause you to delete the stock trans cooler and youll have to use an auxillary one)
the wiring will be easy for an expert to put in a carbed 4.3 with no emission, but if you wanna keep S-truck fuel injection, you better know EXACTLY what your doing or know an artisian electrician with time(and your money, lots)vortec being especially difficult.
mine is a 200 horse vortec with a flowmaster 40 and the aformentioned th350 BnM shift kit, 3 in lift 31's and 4.10's. HELL YES its fast, but all the down time and money wasnt worth it, i didnt go wheeling for 6 months!
there are so many things to think about and organize, doner trucks, trannies, adapters yadda yadda. there are so many things i didnt mention, i could go on and on about oil pans and oil filter adpters, and i did all the work myself, i didnt have to worry about a shop screwing it up
but it all comes down to is it TOO MUCH TIME vs pay off? either keep it if you love your truck and wheel it until you die!(hell yeah) or sell it and buy one with a 4.0, cause youl be WAY, WAY, WAY ahead in time and money.
if you ask for pics ill try and find a way to post them
-Matt