Yes, the order of words (in your domain name, in backlinks pointing to you and in the phrase people type into google all make a massive difference. If "plymouth taxi" is important to you, you should certainly consider buying that other domain.
No you couldn't because by redirecting taxiplymouth to another domain, you would use lose that exact match benefit you are currently enjoying. I would put the site on the domain that corresponded to the highest search volume, 301 anything else to it, and start building links for all the variations of the phrase. Over time you could rank for them all.
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