Leaded fuel was a good additive to minimize valve seat recession. When lead went away, they hardened the valve seats to do the same thing.
Valve seat recession occurs when an engine is run hard for long periods of time, like an airplane or boat that is run wide open for hours on end.
It is not really a problem with ordinary passenger vehicles. Full power is only used for very short bursts.
Valve seat recession is when the valves wear into the head and the valve sinks into the head. On old engines, it would require resetting the valve lash or the valve would leak. If it would leak bad enough, the combustion would cause it to burn through at the leak.
So, unless you enjoy towing big rigs up mountains, don’t worry about it. Most Broncos will overheat before they can be stressed that much.
Lead also does 2 other things, one is raise the octane. Which actually decreases power unless you advance the timing to take advantage of it, but that causes other problems. The other is a polluting factor. It put lead into the environment. It gets on everything from the sparkplugs and causes you to need to replace them sooner. It is also gets into the blood and causes lead poisoning. That is another reason that it was banned from gasoline.
Now that I have been on my soapbox about lead, let my kick it out from under myself. Do I use lead? Yes I do. I run 80/87 AV gas in my boat. It is an old original engine that I run at full throttle a lot. The lower octane of the fuel promotes a faster flame speed, which gives me more power. I picked up 200 RPM on the top end by lowering my octane. I also use 100 octane LL (low lead) in some of my other toys. I use it because it doesn’t have any alcohol and is more stable when stored. I will pay the price in sparkplug life, but in those toys, the plugs get replaced due to fouling more often then anything else.
I could go on for a long time about this subject, but I will quit now. As for the fuel I would run, just straight 87 octane Oklahoma pump gas. If you are going to store it, for more then 3 to 6 months, use 100 octane AV gas and some stabilizer.