The toyota and lexus V8s are the same thing. There are no differences between the two. What does he mean by the lexus V8 is better? Or does he mean this is in refernce to other engines rather than between the 1uzfe from a crown or soarer?
There are some subtle differences between the external parts of the engines between the sc400 and crown 1uzfes though. Such as the exhaust manifolds, both are poor but the sc400 is not quite as poor. The A340E gearbox behind the sc400 has sportier gear ratios then the A341E found behind the ls400 and crown engines. The sc400 has a beefier alternator than the crown. Thye have different fan setups which may be better for you. The sc400 runs a hydraulic fan whereas the crowns run a clutch fan.
Other than this you would be hard pressed to find a better built factory engine than the 1uzfe. The hilux conversion has been done a few times so i'm sure other people can give you some specific information about the conversion itself.