How does the newer Tacoma do?

I like the size and a bit better MPG's of the mid size pick em ups, my main concern would be if I loaded my 700lb ATV in the bed and took the TM camping in the mountains....would the power of 242 HP be enough.
Probably only happen 2 or 3 times a year, and I can tolerate 30 mph up the pass if needed. Just want to be safe and no excessive wear and tear on the truck. And what MPG do you see towing/highway?

Thanks!