How much is he asking for the truck?
I tend to agree with towcat; it's PROBABLY the injector pump, and you could use that as a bargaining tool to buy the truck.
After you get the truck, there are a couple of things you can try. One thing would be to take off the elbow on the top front of the injector pump that the return line attaches to. The elbow screws into a check valve...you'll want to pull this check valve and make sure it's clean. If there are bits of black gunk in the check valve, the nylon gear in the governor assembly's coming apart, and it's definitely time for a pump.
The other thing you can try...I would only do this if you're pretty sure the pump's bad and you're already planning to replace it. After the engine's died in one of it's cycles, pour some cold water onto the pump (and be careful not to let any of the cold water get on any other part of the engine other than the valley pan), then see if the engine'll start up. If it will, that means that the pump's worn enough that, once it gets hot, the metal in the pump expands enough that the tolerances loosen up enough that it won't continue to function, and the cold water'll make the metal retract. HOWEVER...if you do this on a pump that isn't worn, you can end up ruining the pump.
Just some ideas...if the truck's in decent shape, I think I'd go for it as-is. And, in regards to fuel economy...as others have said, if you don't plan to drive on the highway on a regular basis, you're probably best leaving the truck as it is.
Welcome aboard!!!