Robbie, the ABS tone ring is on the bearing hub on the 100. On the 80 you loose ABS due the the tone rings location on the axle, the 100s tone ring spins all the time due to it's placement.
The ABS should function as normal, not sure if the TRAC will because I don't know what the t-case switches are doing.
2004 4runner just starting to build
83 Hilux SR5 is being sold
94 pickup in a pile of parts