HP isnt everything, power to weight is EVERYTHING. So when you build the car up focus on what you can do to get a high torque ratio compared to the HP. Supra engines, including the oldies have a mean amount of grunt, but the performance output is solely based on how deep your pockets go.
And you suspension I suggest seeing someone who deals with Diffs for a living...they may be able to trick yours up with some mods that ARE alot cheaper then getting a completely custom made rear end on it. Dont make up your mind until you have someone look and say that it wont take that much HP. You'd be supprised what the Celica and Supra diffs are capable of under alot of load. I'm more experienced with V8 9" diffs in classic Fords, but I do know a little about the Toyota gear as my first car was a Toyota and my Last car bloody better be on too

...and ALWAYS before looking for or ordering in parts I have a friend that works solely with suspension, diffs and custom manurfacture for those of us that require it. It's good to find someone like that whom you can ask, and if needs be go through for work.
You'll save lots of cash in the long run which can be spent on performance parts if you get advice from the right people who can inspect what you already have. Supra is a brilliant base to work from...