The OBD2 comes along with the vortec heads and Central sequential fuel injection for a horsepower and torque boost. Having driven both that and the TBI version, there isn't a huge difference in performance and I wouldn't let it keep me from buying one.
The OBD2 gets you a little easier diagnostics with a scanner, but counting check engine light flashes isn't so bad, either.
The fuel injection on the vortec can be trouble prone for some, but can be easily upgraded to the multiport version for a bit smoother throttle response.
I'd say it comes down to personal preference, whether you like the looks of the 92-94 or the 95-99 interior. In the end, I'd go for one in good condition that wasn't a teenager's first car.
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