So Im planning to do an single point energy (SPE) calculation but Im not sure if i will first optimize my TS structure or use it directly as an input for the SPE calculation.
If you have used one of these algorithms and it converged, that is an optimized transition state with your functional+basis set combination. I assume you performed a frequency calculation at the end to verify it is a 1st order TS, right? So unless you want to bring it to a higher Jacob's ladder level, you can proceed with this result for whatever follow-up you have in mind.