The Rover V8 is pretty highly tuned in these which does not help teh reliability.
This lump isnt massively good in stansard form (compared to modern day engines) where the non GEMS setups are renowned for head gaksets blowing into the valley (they have an extra row of bolts by the exhaust manifold for some reason), they tend to wear cams out failrly quickely and need VERY regular oil changes.
By 60K mile these problems are normaly beginning to show but, being a V8 it often difficult to spot unless you start carrying out compression testing etc.
The timing chains also stretch badly over time (TVR used Clyes ones which are better) knocking the timing out and the 94mm bore (3.9/4.0/4.6/5.0) do have a habit of dropping liners.
TVR did a few bits to it (welll the Coventry based engine group) but it was little more than ported heads, a wild cam etc.
The Griffiths with the 5.0 used a T5 gearbox....these are not good and do give up the ghost......many fit the Supra box (the 5 speed non-turbo on, not the naff 6 speed Getrag) in its place as it is considerably stronger and easy to obtain.
So my advice....buy carefuly.