I'm in the process of trying to rebuild an original selector valve. Yes, I'm really that stubborn.
I honestly don't see much wrong with the original design. Simple switches and no electronics, except for a couple of diodes. So far I've been able to find a motor on amazon that's compatible, and the rest of the parts on McMaster Carr: stainless steel C-clips to replace the rusted ones, and new viton O-rings for the valves. The original valve stems, washers and springs are stainless steel, so generally won't fail. The O-Rings appear to be viton and none showed signs of hardening. The linear mechanism is plastic and brass with some small steel leaf springs as part of the motor torque limiter. The valve holders are some kind of fuel resistant plastic. The rubber gasket seems to last ok in a diesel application but harden when exposed to gasoline after 40 years. The plastic case showed no signs of deterioration.
The selector valve in my truck failed after about 36 years but I was able to repair it, so I can't complain. And I use the selector valve often. The one I have on my bench right now came out of a gasser f250 of the same year, and will become a spare when finished. If there is officially a difference between the gas or diesel application, I couldn't see one.
If the photos shown above are from an aftermarket valve assembly, it looks to be a fairly faithful reproduction.