I would say its more reliable than the competition, but the FKS is less reliable than the FE from the previous gen tacoma. There are plenty of people whose engines overheated and threw a rod out the side of the block in the FKS and that is because it was designed to be "more efficient" by being lighter, cheaper, and all the other eco friendly things compared to the old school version of the 2GR. Heck, its miles worse than the old 1GR in terms of longevity.
Yep, that's why I specifically stated "percieved reliability" because I do agree these trucks are not as good as they used to be. Still good, I'm not saying they are unreliable, but not the same as the prior gens.