Bags or LS sawp? Opinions

[bad_burb]

I have a chance to pick up a ls2 and auto trans (GTO) for a very good price and have been wanting to do this swap for some time. On the other hand I have had the plans to bag the truck since I purchased it almost 2 years ago. I was looking in to buy bags and related supplies when talk of the LS2 came about, thus getting the gears turning in my head. I know in the end the LS swap will cost much more but the initial investment will be about the same as doing the bags.
I would like to hear what you guys would do and why (pros/cons). I realize that some don't like trucks that are baggged and some think that the motor isn't as important, but I would like to hear any and all opinions and/or suggestions. It will help me make my decision.

Thank you