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As detailed above, proponents for both sides of the Daoism – Taoism debate make valid arguments.
Some prefer the Wade-based Taoism because it is more familiar than Daoism and because the borrowing is a fully assimilated English word anyway ; such words are generally unaffected by later systems of romanization.
However, many of these traditionalists will accept using pinyin for more recent Chinese borrowings.
Others prefer pinyin-based Daoism because of growing acceptance internationally of Hanyu Pinyin as the standard romanization for Chinese, as reflected in other recent spelling changes such as the pinyin Beijing that replaced the Wade Pei-ching or Chinese Postal Map Romanization Peking.
In conclusion, three illustrative outcomes of Daoism vs. Taoism are given from publishing, library, and Wikipedia spheres.

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