Issues switching to 17" TRD Pro wheels?

I may have a sweet deal lined up on some 17" TRD Pro wheels with Michelin LTX M/S2 265/70R17's already mounted. I do have some questions about the switch though:

I currently have stock SR5 steel wheels with LTX M/S2 245/75R16's. Will my TPMS sensors in these work in the new wheels?

According to the Tacoma World tire size calculator these new wheel/tires will be 1" larger in diameter. Will I run into rubbing issues?

Will I run into major speedometer accuracy issues? It already shows me going 2-3 MPH faster than GPS speed

Can I still use my P245 factory spare for distances under 200 miles?

Are there any other issues I might run into (besides staring at my truck all the time)?

 

Yes no yes yes idk