Count me as another who sees no benefit to S10 swaps. While I'm far more liberal in my thoughts of V8's, MII suspensions and automatics, I agree that S10's are no more than 1/4 ton trucks.
When I have more time for another project, I'd love a shot at a rolling chassis. For the cost of a donar S10, I could box the original frame and put an IFS on it. And I'd know it would fit.