As far as I am concerned, if you plan to spend a lot of time, money and effort converting a van into a camper which you plan to keep at least 7 years, what you need to focus on above all else, is to get absolutely the best base van funds will allow. And, IMO, a 120k+ mile Transit is not that.
Whether or not a Transit would be the best choice even with lower miles is debatable, though given you already seem to have decided that it must be a Transit L3 H3, it is a moot point.
You have not said what budget you are working to, but my advice would be to forget about the 'full conversion' at this point in time. Take most of what you are budgeting to convert the van and add it to what you plan to pay for the base van. The only thing you really need is to insulate it and line it, most everything else can be done in due course as time and funds permit. A camping stove, a couple of inflatable mattress, a couple of beanbags to sit on are all you need to get going. I'd also question whether or not you need such a large base van for just you and your son. A smaller van is not necessarily going to be cheaper to buy, but it will be easier to park, cheaper to insulate and line, and probably more efficient. Years ago my parents had a camper which my Dad converted from a VW T25 van, not very big at all, no high roof or anything, very basic inside. The only thing he'd do differently was to have it insulated properly and have a pop up roof so they could stand up in it.
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