I'd do orm then gde tune, then take valve cover off (there is a walk through in the tech forum for rockers that I wrote, and plenty other useful info in the tech btw -
viewforum.php?f=98 ), get the fsm(field service manual) from noob guide for torque procedure for when you put back valve Cover. Link to sir Sam's website for manuals:
http://colorado4wheel.com/manuals/Jeep/KJ/To replace the rockers, you need to remove timing belt anyways, so tb, rockers AND glow plugs (don't forget about them, it's so easy to replace them once valve cover is out and so hard with it... ) can be done in the same time. You don't really need ehm if you get gde, even if oil gets in the intake wont hurt anything bc gde tune will not let the egr work so no soot...
Price - Wise, gde sells a "box" with cables from where you load your tune in the jeep, and that box can hold 3 ecu programs(stock, and 2 tunes). That box is 200 if you wanna get it, on the top of the tune. If you don't get it, you'll need to send the ecu to Keith at gde to have it programmed. The timing belt kit and pretty much everything you need you get from idparts.com. Those guys are great and also have the best prices. Take a look at their website, but if it is hard for you to navigate through, I can go ahead and send you the links for what you want, just let me know. The tb kit is less than 400, rockers I believe about 450-ish, metallic glow plugs about 150-ish, you may need the intake elbow o-ring and the 2 paper gaskets, but you can always put some orange rtv and use the old ones. Injector o-ring and washer - 4 each. Also couple gal zerex g05 (and btw, you may want to replace all the coolant to be safe, if previous owner hadn't) , some gasoline to clean intake. I believe this info may be also somewhere in the tech forum.
It may be possible to need a torque converter, the stock one sucks and may shudder in 4th at low rpm (once you get a tune and increase the torque), but that's not so urgent since you can get used driving around it.
Almost forgot, you need at minimum a mean to lock the cams, if you search eBay there is a sealey kit with the bolts for that.