Hey, we have our first customer...
There is a topic in Troy's Toys that is just what you're looking for.
http://www.lostjeeps.com/forum/phpBB3/vie ... 5239#15239
Actually, that post is about 245/75R16's. BFG TAs are quite square, so they are more likely to rub than a round tire with a less-aggressive tread like the Geolanders and Revos.
I don't have that tire, so I can't say definitively, but, based on previous posts, I would say you'd have to pound down your pinch weld and do a lot of additional cutting, and you'd still have quite a bit of rubbing.
Out of curiosity, why are you looking for 16" tires? Looking to get new rims, too?