I'm currently doing something similiar to my 4.0. A leak down tester will tell you if your head gasket is gone. They sell them at harbor freight for like $30. I also just used a tool that a mech. buddy has that hooks to your radiator at the cap and pumps up pressure and checks to see if you head will hold pressure. A blown headgasket won't hold pressure.
Also with the coolant pressure tester hook it up do not pump it. Start the vehicle, if pressure builds up fairly quick you have a bad head gasket or cracked head. This is a very effective way to test it.
A sure sign