Both 300TDI and TD5 are fine. 300TDI is generally regarded as the safest option as its a really good engine without any electronic engine management. TD5 was the next generation engine and the first to have the electronic management but there are a lot of people that have used them successfully on long range expeditions including trans africa and they don't seem to be getting much in the way of negative publicity. The only real downside to the 300TDI is that, whilst you can still order a new one directly from landrover with the 300TDI engine, in terms of general sales, they were phased out in the late 90s which means most options have been around for a while now. The TD5 being newer means that there are later models available with less use. Having said that, I've got a 300TDI 110 from 1994 and its fine, its just a reality that most of those options will be in older trucks and depends what you are looking for.
There are other options in SA such as the 2.8 petrol which don't enjoy a great reputation as seen as thirsty and not that poweful.
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