It could fit, How tired are your coils? Each Tacoma fits tires differently. You would have to put it on the truck to get a definante answer.
Probably the worse case scenario with either lift is a little pinch weld bashing.
I think with a 3" body lift you will be good a lil bumping from time to time but not bad I would think. I had 31x12.50x15 thornbirds on 15x10's on my truck stock they hit like a mofo but I believe with 3" you would be good.