In my experience, I came a across a 4.8 when I was in the market and the only I could tell from the exterior was because it did not have a hitch receiver, but I don't know if that is specific to the 4.8 or not. Other than that it would just be looking at the engine. Another thing I always asked about when considering buying was how much towing the vehicle has done. I'm sure these make great tow vehicles, but I don't like the extra wear and tear on the driveline, especially the tranny. So I always pose the question of how much towing it's done in a way that sounds like I'm doubting if it could handle what I want to tow (I don't actually own anything to tow...). This usually triggers the seller to start bragging about all the things they've towed, how much it weighs, and how well the truck has done with it... Things I'm sure I wouldn't have heard if I had asked the question point blank "How much towing have you done with this?". I've walked away from a few after finding out the towing history.
For my money, all things being equal, I don't think that $2500.00 is worth 3 years newer. But it's hard to say that definitively without seeing both trucks.
Sorry for the long post, just somethings that popped into my head while reading your questions.