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11.50 is a bit more wide than the stock wheels like but yes it will fit. Also with that lift you'll be just fine and as long as it's not more than 11.50 you shouldn't rub at all. If anything you'll rub just a hair at full turn but just rubbing the plastic and nothing more.
you need 5" of total lift to fit 33x12.5s w/o rubbing, your rims can handle it, but you dont have the clearance to fit that big of a tire with your setup