jkeith.w
Official Vendor
You absolutely do not need to disconnect the rear sway bar in these trucks so just throw that thought away.
Back to discussing the rear sways .... leave them connected. You can hit full articulation on a 3rd gen with the rear sway completed connected. Doubtful? See the pics on the first page of my build. I have the rear maxed out in articulation with only the SS bump stops capping out the flex.
Ah - here's something I actually have experience with! (can't say that often on these forums)
In your scenario, the SS bumps are several inches lower, so the axle isn't really stuffing near the limits of its actual uptravel. And with the raised SS swaybar mounts, the down-travel side has additional length because of the mounts. So your statement is likely 100% correct as far as an SS-lifted 4runner, but is not applicable to other scenarios; a standard OME lift, for instance.
You cannot actually max the rear on an even mildly lifted 3rd gen with the stock swaybar, in the stock mounts, with stock drop links, and stock bumpstops. - The rear axle is limited by the swaybar.
(I can take a photo next time we screw around with this stuff at work if it is helpful.) I'm hoping the raised SS bracket makes the difference; we'll see.