1) can you get the work done in 3 years? 2) if you sign for a PT PhD you will be registered for a period of 6(?) years. If you finish in 3 years, you will have to apply to your Uni for an exemption to reduce your period of registration, convincing them that you have done all you need to in half the time. I have heard (this is only hearsay mind) that it can be quite difficult. I'd check your uni regulations for submitting early, and maybe ask the admin people what their view is.