I've been cruisin around now for a few months on some 245/55/16's that the previous owner put on. Not only did these tires suck (noisey and not balanced right) they are way to small for a Level ii which used to run 31's.
Anyway, went to a tire wholesaler at an auto auction nearby and got hooked up with some Cooper Discoverer ATP's, 265/75/16 for $87 a tire! They are blems, if you look at the white letters you'll see the letter's aren't completely painted, but so far they're awesome. The speedometer is right, and the truck looks so much better. Not to mention, quieter... Can't beat new rubber all the way around for less than $400 installed.
before and after pics below
Here is what the tread looks like: