I am thinking about getting a set of Mickey Thompson Classic II's, The size I am looking at are 16"X8 5-5 1/2 bolt spacing with a rear spacing of 4 7/16" I have a 2" leveling kit and I am planning on running a 265/70/16 Tire. my question is: Will I have any issues with that back spacing?

 

Those have a 0 offset so I don't see that they would be a problem. You will essentially have 25.4mm more clearance inside and it will stick out 25.4 more than stock.

This does wear your bearings and other suspension parts more though, not sure how much more but the leverage definitely increases the further out the wheel goes... probably won't be too bad though.

Those wheels will look great, that's for sure.