I would up mix rather than use a tripler. For one thing, they only work on FM and as you have noted, you need to change the modulation index to restrict the bandwidth. This can have consequences with audio ALC and compression if the transceiver has those features. Also bear in mind that PLL and other circuit noise will still be 3 times greater, even if you turn the audio level down.
You will find a tripler is very inefficient, probably less than 10% so your output power will be in the tens of mW range. My own 23cm transmitter just uses a varicap tuned VCO followed by two stages of amplification then a Mitsubishi 'brick' module to produce around 20W output. It isn't PLL stabilized but I do leave the VCO running all the time and just kill the power to the amplifer stages when receiving.
Brian.