The GS430 is a great car, a commodity in the used market.
1) Perform timing belt replacement, replace water pump and drive belt . Flush cooling system.
2) Perform timing belt replacement , replace water pump, thermostat , timing belt idler pulleys and tensioner. Replace drive belt . Flush cooling system .
A) Use all Lexus parts .
B) Use a timing belt kit ( aftermarket ) by Gates ... etc . That includes all parts, water pump and thermostat additional.
My reasoning, if you are keeping the car, do it right , perform (2) above.
If cost is a issue, get a complete aftermarket kit , all the hard parts ( tens, idlers ) are high quality . Job( 2) parts (B) .
If you need to save up a few months to do it right , do it , you have time.
I feel obligated always to give the best advise , this is the repair methods we used 15 years ago before the price hunt became mainstream, water pumps leak, idlers fail ( dr.side) thermostats are very important for proper warm up time and time to closed loop fuel control.
I hope this helps with your educated decision.