sure, you can get the holes drilled/tapped to 1/2", or there are some centering/adapter sleeves out there so you can use 7/16" head bolts with the 4.0L head.
FWIW, I never heard the block casting was lighter, although that may be true. The big difference is the lighter crankshaft, different casting. To add to the confusion, the YJ 4.2L used 1/2" headbolts, not sure which crankshaft it had.