Mine fits and I don’t air down. It comes close but I have about an inch of clearance. You can leave it slightly loose and pull it towards the bumper then tighten it if you have to. My tire is 32.8 so not quite 33 but I bet it would still fit.

I was barely able to fit a 255/75 in the spare location when I was running that size, it still had a slight rub on the track bar. Moving to 285/70 I knew I'd have to deal with the spare.

Inside storage wasn't an option, I have a drawer system thing and I sleep in the truck when I get out.

I can't fit in my garage with the spare on the roof rack. For a while I ran spareless and "threw" the spare up there when going wheeling. What a monumental pain in the ass!

I like the lines on the stock bumper cover and there aren't any replacement options out there that wow me, I do like the swing out component of them though. -- but the swing outs add a huge amount of cost to an already expensive upgrade imo.

Not a fan of the hitch mount things, they just look clunky to me and the reduced clearance is a no go. The tire is also too far away from the body for my tastes, amongst other issues.

Wound up getting everything I wanted by making my own.
Made some brackets that bolt to the frame and come through the cover.
4xinnovations hinges (@traxman25 those things are STOUT)
Inspired/borrowed the latch design from @C4 Fabrication
the rest is mostly 1/4" wall steel.
So far I have no complaints with it, I like the tire high and tight, zero rattles or movement. Eventually I'll make a bracket thing that bolts to the ladder and holds a jerry can and the high lift.

Crappy phone pics:

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