It's an '87 110 and will know more once I see it in the flesh, including getting an idea of what the chassis is really like, and what gearbox is fitted.
My guess is the 2.5 NA diesel was removed and an Izizu lump inserted. But its only a guess right now.
A chassis and engine swap...yeah...not really what is sought...
1987 would most likely have been a 19j 2.5TD, it could have been a 2.5NAD, but only special order or ex-mil. Or a V8.
Therefore a 200Tdi would not have been the original engine. Technically it would also have been a One Ten rather than 110 and it will pre-date any Defender branding.
A 2.5TD will have an LT-77 gearbox. No idea if conversion kits were available for these to the Izusu engine as I've never looked.
A 200Tdi conversion on a 19j 2.5 TD is fairly straight forward. But as said, there are way better engine options these days.
Are you planning on doing the work yourself?
If not, I'd say that you are probably better off just running it as is, unless it really does need a chassis. As I say, most don't really need a chassis, as once you strip it down, you'll likely find it is mostly ok and could have been easily repaired in situ.
If you want originality, then buying something else that is original might make a lot more financial sense. New chassis (and all the other bits you'll replace when doing this), plus an engine conversion is likely £5000-8000 in parts these days. Depending on what you actually go for.
I'm not against engine swaps (have done a few) and a chassis swap. But generally we've had the bits and done the work ourselves. If you are paying someone, it could get very very expensive.
What do you intend to use the vehicle for and how many miles a year?
If you aren't doing big miles a year, something like a Rover V8 conversion would likely be very nice over a Tdi.