Depends on the tire, I think, but ultimately yes
For example, your Hankook Dynapro M/Ts cost
285/75 R16 $199-$216 online (E rated, 10 ply) 59 lbs
285/70 R17 $200-$235 online (D rated, 8 ply) 62 lbs
Both fit on 7.5" rims
I am leaning towards this tire in 17" FWIW :juggle:
Alternatively I have been looking at pizza cutters too, 255/75 R17s
FIRESTONE DESTINATION M/T 255/75R-17 are $170 and I've seen them as low as $145 each
Not my first choice tire based on reviews, but the tread pattern looks good and similar to the Dynapro M/Ts
Hankook makes a 255/75 R17 MT for about $180 a tire