Find out if stretching a smaller tyre will look ok and be legal, if not, if you were going to flare the guards only 5ml you'd hardly notice, but would be just enough to make ur ride look better I think. I personally think it would look awesome, Ive just bought 9x5 n 265's on the rear also and want to lower my 34, when i have to choose Ill probably flare the guards a lil, Keep my suspension good with a decent height so im not "shovelling" lol but low enough to still look mean.
I dont have the cash right now for coilovers so springs are going on mine while i save up (because i aint ridin around with "option 3" kno what i mean).
Anyway get back to me on what you decide to do, id like to know how satisfied you are.