Personally, I'd leave the body lift alone and drive it until the tires are worn out and replace with stock or near stock width tires.
The 305/70r16 tires are only about 4% larger in diameter than the 235/85r16 tires that came on this truck so they are not much taller than stock. The main difference is they are about 30% or 3" wider than stock. My guess is that the original owner bought those wide tires and found that they rubbed when turning so added the wheel spacers.
A set of 265/75r16 tires would be slightly wider than stock and almost exactly the same height and would probably fit fine without the wheel spacers.
The 305/70r16 tires are only about 4% larger in diameter than the 235/85r16 tires that came on this truck so they are not much taller than stock. The main difference is they are about 30% or 3" wider than stock. My guess is that the original owner bought those wide tires and found that they rubbed when turning so added the wheel spacers.
A set of 265/75r16 tires would be slightly wider than stock and almost exactly the same height and would probably fit fine without the wheel spacers.
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