That combo is what this guy used to get 1,000,000 miles out of his Tundra.
https://jalopnik.com/heres-what-a-toyota-truck-looks-like-after-1-000-000-mi-1776141464I'm not 100% sure, but think 2006 was the last year of the timing belt. I think the 07's use a timing chain. But I'd confirm that.
My brother has the same truck, but a 2006 model. Last year of the smaller Tundra. The engine, combined with the lower gears has plenty of power for his uses.