This would definitely be an option, if done right. But I'd want to keep it stockish. What size tires do you have?
Had to switch to a computer with a real keyboard I hate typing out on my tablet.
My tires measure out right around 32 at the moment, they are well used Goodyear wranglers. Once they wear out I plan to do a bilstein adjustable shock leveling kit up front. Rear tires have tons of clearance right now, I think leveling the front out only I could probably clear 34's. The biggest hang up is the cross member, it hangs down a ton. I think if I wanted to get creative fabing up something like a bud built would increase ground clearance a ton without sacrificing anything else. As is it will do everything I want to do in it, it rides nice, its reliable, it fits everything I want in it and the 5.0 coyote sounds bad ass and make me feel like I'm in an old muscle car when I put my foot down. My intent with this truck is similar to your goals, if my destination is going to be multi day, involving mostly dirt roads and I want comfort, cruise control and a nice air conditioned ride this is my choice.
I thought I could get by with just owning this but I started missing the little harder stuff. Day trips up to forest lake, mineral basin, slightly harder trails in Moab. This is why I picked up my latest edition. While I could build the F150 to the point of doing all this, I really don't want to. One I have a payment on it still, two I like how it is now, three I don't want to risk the inevitable body damage on my baby, and last but not least its still my DD. That's why I picked up my new 4runner, it is a blast to drive with the 3.4. Haven't had it out on the trail yet as it needs some attention on a few things (waiting for parts to arrive) But between the two it should satisfy my needs and desires.
My only complaint about 1st gen 4runners are the gutless motors, once lifted and modified they suck to drive. This runner has 4.30's and 33's and pulled parleys at 70 in 5th gear most of the time. Problem solved IMO. I know its blasphemous to say, but the only thing I would change on it, would have been to leave it IFS simply for drive ability. Most of my plans in it I could get by with IFS. The solid axle wasn't a deal breaker for me, as I have more confidence in it on the harder stuff, and I feel its near bullet proof with 33's. Once I get the steering repaired I don't think I'll desire the IFS as much but, I just wanted to bring this up as something for you to consider.
Maybe find something that will fit all your gear and get you down the dirt road that is cheap, reliable maybe not very capable. Spend the money you save on initial purchase, and buy what I've seen you say is your dream rig on a 1st gen yota, swap in a 2.7 or 3.4 and use it for the harder stuff which I'm sure you'll eventually desire again like I did. Honestly though I don't see anything working for you but a Tacoma, your a Toyota guy, you won't be happy unless your in one. I loved my second gen stock Tacoma, I loved everything about it but one big important thing..... I didn't fit in it. Lots of people my size deal with it, I couldn't that's why I bought my F150. I think a DC long bed 2nd gen Taco is your ideal rig. Lots of room for people, gear, reliable, very capable in stock form and well for you its a Toyota.
Just my .02 rambled a bit
I know they are expensive and out of budget, but sell your Taco put a chunk of a down payment on it, find yourself a newer one and enjoy it