My brother has a TR160, I have a Sim Lab GT1 EVO.
Honestly, having used both rigs extensively, I really couldn't tell you a difference in operation. Personally if buying again, I would probably go for the Sim Lab P1-X just because of brand identity, but both are rock solid and lend themselves well to future upgrades (It's a slippery slope sim racing!)
My monitor is integrated (34" 21:9) and I'm not honestly sure if a 42" monitor would work on an integrated mount personally. My next upgrade is to triples and that will be on a free standing mount. Maybe consider your upgrade path and you might not need to spend twice.
Seating wise, I have a Sim Lab Speed 1. It's a great seat and I'm 185cm, 95kg. They do an XL version which might suit your needs
The SPEED series Sim-Lab seats are the perfect companion for any sim racing cockpit. The SPEED1 sim racing seat features an ergonomically shaped fixed bucket that is padded with high-quality memory foam. It is prepared for adding a 5-point or 4-point harness at a later moment to increase immersion.
sim-lab.eu