Yes, 2" of lift will clear 32" tires. I've heard of people clearing 32" on stock suspension. 31's came stock on a lot of trucks, so one inch up isnt a big change.


Now, there are a few things to take into consideration. Most 99-02 4x4 4Runners came with 16" wheels, and therefore, have larger brake rotors and calipers, which will prevent you from running a 15" rim. You will have to go with a 16" wheel and tire, which will be a metric size, like 265/75/16, which is the closest to a 32.1150.15.

Your CV boots will more than likely wear out faster than normal. They may last a year or 2, or maybe 3-4 years if you are lucky. You can get a diff drop from Roger Brown

http://www.4crawler.com/4x4/ForSale/DiffDrop.shtml

This will drop your diff down and keep the CV angles the same as stock.