I have never had or even had a ride in an XJ with longarms so I can't give an honest comparison, BUT I can tell you what I love about my leafs up front.
Easy! yes that's right, it's not that bad to set-up, especially since I swapped a Waggy D44, the coil setup on that would have been not so fun.
Cheap! I actually made money by selling my 4.5" coil lift stuff and buying a Waggy D44 and slapping leafs on it. I looked at doing longarms and it would have cost me about $300 versus making about $100. That $400 difference is very important to me considering my student budget.
Ride quality! The ride quality is FAR superior to 5"s with coils and short-arms and I would imagine it is just as good as a longarm setup. It flexes better than a 5" shortarm setup, but feels way more "stable" than coils. I would guess that it flexes almost as good as a longarm setup but with a much more "stable" feeling. Silly crazy flex is WAY overrated.
Judge for yourself, if the cost was the same, I would probably go longarm by a narrow margin. One day when I have better budget to work with I'll go 3 link with coilovers.