That will work though you don't really need to raise the mounting point as that does. Some people just use a 1-1/4' or 1-1/2" wheel spacer instead. If you can find someone to sell you just one it would probably be cheaper than the one your looking at.
RC will have them for $39 a pair on their deal of the day sometime this month.
I have a 35" tire on the stock carrier with 4-1/2" back-space wheels (no spacer) and the tire sits nicely in the bumper cut-out, this is why I say that the raising that bracket provides is unnecessary.
Either way you might also need the Daystar extended spare tire bump-stops as well.