You can do it yes but we still know what's hiding under there 
1) The tire will fit no problem. I have 285/70R75 and it is a snug fit (tire rests on the bumper) but if you go aftermarket wheels you would need extended rubber bumpers on the tailgate.
2) Yep it will cost less.
3) Not that much difference really.
4) That's subjective... bigger tires with a smaller spare has always looked goofy to me.
1) No. Maybe in an emergency but not even sure about that (especially if you have limited slip rear) If you have a flat you will have to get it fixed immediately.
2) Yes
3) If you aren't doing it now, might as well wait and buy one later.
1) The tire will fit no problem. I have 285/70R75 and it is a snug fit (tire rests on the bumper) but if you go aftermarket wheels you would need extended rubber bumpers on the tailgate.
2) Yep it will cost less.
3) Not that much difference really.
4) That's subjective... bigger tires with a smaller spare has always looked goofy to me.
1) No. Maybe in an emergency but not even sure about that (especially if you have limited slip rear) If you have a flat you will have to get it fixed immediately.
2) Yes
3) If you aren't doing it now, might as well wait and buy one later.