I just put mine on this weekend, same setup. I love it. Much better ride vs. stock. I used the second notch up and got about 2 3/8" (V6). I'm going to keep on measuring it to see where it finally settles. See this for pics http://www.toyota-4runner.org/4th-gen-t4rs/70324-install-fj-springs-blistein-5100s.html
For sure you will be able to clear those tires.Kormaster- do you have any images of your daystar 1/1.5 installed? I am due for some tires and would love to clear a 265/70/17 and level the front end. Wondering if your 1/1.5 would do the trick. If so I am likely interested. Thanks