The Latch requires the bracket to be mounted 8' from the front of the bed. I guess you could chop it down and mont the rear bracket on the tailgate somehow. Great idea for a 1-ton work truck.
The Y-strap looks very useful, however, given the short bed length of the tacoma. That is a nice find. I usually use ratchet straps from the hitch, around the tailgate and lumber and terminating at the front cargo cleats. The Y-strap looks to be much easier.