How far it opens is not the problem, like I said, struts generally have wider springs then coil overs. With smaller diameter springs, the crucial dimension is how far it CLOSES. I'm talking the clamshell part, where those small light springs on the tool will compress to adjust for different diameter springs. Also, the curved lugs that actually grip the spring are sometimes a bit too large when working with a smaller spring. What is the diameter of the TR8 Spring? Maybe I can give you a more definitive answer knowing that.
I'd almost bet that it will work, as I said, it worked on my Miata, and those coil-overs have a pretty small diameter spring. I also used it on my son's VW GTi when he was putting in low, stiff springs. Had no trouble there. Funny thing about that job, the new springs were short enough, where we didn't even need the spring compressor to install them. We just had to push down on the spring a little to catch the nut. /bcforum/images/%%GRAEMLIN_URL%%/jester.gif
Personnaly, I think that type of tool is very good for working with struts or coil-overs.