I'm not saying one's better than the other. For me, building up my 7M-GE seems the appropriate choice. For someone else the swap is the best fit. It really depends on what you've got to start with and how you weigh the difference in price between the two.
Yes, 2jz-gte has been done... 1jz is more common though as it's available in a front clip from many importers so there are fewer installation issues and less custom work needed. Do some searching for swap info on both on the various Supra forums to get an idea what you'd be getting yourself into.
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