What year is your Cruiser? (I'm assuming 6-speed tranny?)
What are you looking for out of long travel front suspension?
From one
turbo-head to another.
If you want an aggressive setup, I would prioritize tire height. That is true lift as it's the only parameter that increases clearance under the axles. With 4.88's and 35s, you'll still be at better than stock gearing with the 31s. So you'll still have snappy performance. Something closer to a 34, would be ideal for a cruiser, as it minimizes interference and needing to limit travel type issues.
In terms of handling, keeping the suspension geometry and lift close to stock as possible, with big tires, is the way to maximize performance. As it doesn't compromise roll resistance geometry and keeps bump travel alignment changes as minimal as possible. Which is why I suggest lifting more via tires. Then do a mild lift (1"-2") via suspension.
With the taller tires, you'll want to add a bit more width to the track. Not necessarily via Tundra long arms. Wheel offset, either by spacers, or new wheels, aiming for something in the 30-45 offset range would be ideal. To optimize scrub radius geometry, but also to regain some lateral stability. Without going so far in offset that it starts degrading geometry.
If someone were to desire more lift then tires and suspension as proscribed above, then I'd do a minimal (.5"-1") body lift. This keeps the suspension geometry still optimal, keeps the center of gravity low, while gaining more vertical height in clearance for bumpers and potentially 35's.
This staggered lift strategy and modifying the vehicle as a "system" is the way to go IMO. Long travel front suspension can still make sense if your goal is to chase Raptors and baja running through whoops, where travel is king. FYI I suspect based on some anecdotal reports that there is some binding in the CV at steering and articulation limits with the tundra setup on the LC.