That engine will turn the tires .. that's not a problem .. the problem is how fast that engine can turn the tires
If you don't mind slicin' and dicin' your body, you can squeeze the 33" tires into place and have full flex without rubbing. Your other option is to drop your bumpstops to stop flex before it makes contact ..
Your axles should handle the added weight of the tires, but you might wish to use the lightest rims you can find .. stay away from the steelies - they have the strength, but they also weigh more than aluminum. The aluminum ones can break, but it takes a huge amount of torture to break them ..