That Suburban is rare! It's got almost the same L76 6.0 V8 as a Pontiac G8 ...
Almost ...
Compared to the cars' L76, the trucks' L76 has
*0.7 lower scr - Holden cars' L76 has flat top pistons, trucks' L76 ihas a small dish & valve reliefs
91 octane is recommended (not 'required') for the Holden car's L76; the trucks' L76 can use 87 without issue
*the Holden cars' L76 might not have Engine Half@$$ if it came with a stick-shift (definitely disabled for T56), every trucks' L76 has Engine Half@$$
*obviously the cams and the intake manifolds are each different (although the similarities are interesting)
*the Holden cars' L76 has different injectors that flow quite a bit more than the trucks' L76; definitely worth noticing
Either makes the LQ9 look a bit dated, although the trucks' L76 might have slightly lazier throttle response.
Any L76(t) / LY6 / L96 / LC8 would make a fine upgrade to any truck that came with a 5.3L.
(I'll even suggest that most people would rarely if ever notice going from an L92 / L9H / L94 to an L76(t) / LY6 / L96 / LC8.)
... the rear axle is a 9.5" ring gear, and is still a 6 lug.
$350 is one heck of a deal - as long as nothing is broken.
So long as the ring&pinion don't need repair or replacement, it's a helluva deal alright.
Even if the ring&pinion do need repair or replacement, think you might still come out ahead.