I think folks should be aware that this engine, relatively new to the scene, has some issue to be aware of, but nothing that seems too traumatic. Of the many owners of EcoBoosts on this forum I have seen a few folks who experienced the misfire due to condensation with the earlier models. If I recall correctly all of these were successfully addressed by the Ford dealer. I believe we should be pretty much in the clear on that one. It gets damp on occasion here in Oregon and with my late model 2012 (ordered June 2012) I have never experienced the issue.
It is my understanding that direct injection engines (excluding Toyota who injects some fuel upstream) are going to be susceptible to carbon buildup on the intake valves. This may be influenced by how the engine is operated (lots of short trips with a cold engine vs. longer trips under load with warmer temps). When I am clear of my extended warranty period I will be installing a catch can which I believe should address this. Low cost and simple.
As far as the timing chain goes I will have to wait and see. If it becomes an issue before 80k miles looks like Ford fixes it no charge. If it becomes as issue after 80k then I guess I will pony up for a 12 hour + parts repair. If I do that once for the life of the vehicle I am not overly concerned.
So to the OP I would say this is a more complex engine than the 5.3l Chevy. It also provides more power, particularly more torque and lower rpm which make for a very nice towing experience. It also maintains the power better at altitude. If I were making the choice I would choose the Ford 3.5 over the Chevy 5.3 for towing. Now if we were comparing to the Chevy 6.2 that might be a different story, however the 6.2 is not available in the Suburban.
As noted in prior post make sure you check out your payload, rear axle rating and hitch rating whichever vehicle you go with.
Good luck to you,
Stu