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Search this very section of the forum for numerous comments on reading PDF's on ereaders. The consensus is that any e-ink ereader is not great for reading PDF's, mainly due to the smaller screen size, and that you would be far better getting a tablet for PDF's.
The Kobo Aura HD does have a slightly larger screen than the standard 6" ereaders, but it's still far from perfect. Same with the old Kindle DX (and they are both more expensive).
If your only choice is going to be between the Kobo Touch and the PRS T3, I'd go with the T3 as it's a lot newer and will therefore be a little faster (better processor) which might help when panning & zooming your PDF files.
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