I had a ford explorer lifted 5 inches with 33/12.5's, with the 4.0L v6, and it did not like those 33's, thats for sure. It looked pretty **** good, but the tires definately took their tole on the ****** and whatnot. The ride was also much, much more loud. I would have to turn my stereo quite a ways up to block out the road noise, and thats with almost 200sq ft of edead deadener
My avalanche right now has low profile tires on it and rims, and also looks **** good, but rides a lot more quiet and doesnt kill the truck. I have 120sq ft of raamat bxt and 7 yards ensolite, and it rides real quiet.
from an audio perspective, i'de go without the lift. the road noise sucks from big mudding tires (assuming you'de get an aggressive treaded tire), plus the life of your truck will be longer with a smaller tire if you went with some rims.