I ran a KV6 Freelander for eleven months including a fairly serious off-road trip in Pennsylvania where I got water *past* the doorhandles for nearly fifteen minutes.
Prepare to hear simply terrible noises coming from the undercarriage but you would be surprised how well-protected and sturdy these little guys are. The muffler is a prime impact spot... they are often knocked off their hangers but this is a feature, not a bug and you can rehang them on the trail.
Ground clearance is the problem. Some people have fit 235/75R16 tires which provides another desperately needed inch or so.
Using the HDC on a steep rocky slope is exhilarating. HDC doesn't think like a person - i.e. gentle pressure - and it will snatch-and-grab you all the way down the hill.
The traction control is simply astounding and you can see the Freebie "thinking" and switching drive wheels when you are coming out of mud.
With a low range box these little guys would really be astounding but the first gear is a bit of a creeper (and isn't part of the regular shift program, which starts in second) so it's not as bad as you might think.