My 7m was pushing 402rwhp for about 3 months. I thought I was safe, as I took almost every precaution in my build to avoid issues. The build was meant to hold 400rwhp reliably for the supra b/c it's my daily driver in the summers. The motor had 30k miles on it...and sure enough I had a little detonation while passing a car. Cylinder #1 has lost compression.
Anyway, to make a long story short...I was on the fence about swapping in a 2jz for about 3 or 4 months...but in the end I'm going to stick with the 7m, upgrade the internals, and go standalone. I believe with a previous poster that the tuning is where it's at...and I am confident that with a standalone, I probably would not have had issues with the motor at 400rwhp (this is on an built auto).
If you do it the right way, sticking with the 7M is not a bad idea. If you do this, I would save up and do all the right steps at once...meaning standalone, and if possible pistons, bearings etc etc.
There are some build cost threads in the 2jz section...and you're looking at over 5k just in parts to do the swap...and if you pay someone to do it...then you're looking upwards 8/10k depending on how they prep the motor ect.