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I have a 'newer engine and trans' 170k on the clock...I beat on mine daily, a set of tires lasts me about 6 months. I mud it, I tow with it, I race with it. I am sitting on 36" tires, get 16mpg, which beats my buddys COMPLETELY STOCK 97. He has problems with his distributor ALL THE TIME. He gets 14mpg...and he is SLOW. I um...had to change a headlight one time....and a $60 oxygen sensor. Think the alternator went out like 5 years ago.
All my friends swear on old TBIs and Carbs, but my truck is one we're always taking to get parts when there's doesn't run ;-)
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LS style motors are hardly new. They've been out since what? 98? Thats a good 12 years of testing. Sorry, but your "mechanic" is an idiot. The only reason he says the newer ones have more problems is because he doesn't know how to work on them.