So here is my take...I'd skip steel wheels, they are heavier and look well, cheap. I even run aluminum all around on my heavy duty trucks (IE Peterbilts and KWs) for weight savings and ascetics.
Now on to the tires. My expedition came with 275/65R18 Goodyear SR-As which are 32.1" tall and 11.2" wide mounted on an 8.5" wide rim. I'm guessing you have the 17" wheels which came in a flavor of 265/70R17, there also seem to be quite a few brands they used so I'll just guess. The 265/70R17 are a 31.7 to 31.9" tire depending on what brand. The aluminum 17" wheels from ford are / were 17x8 so measuring a 265 on a 8" wheel gives you 10.7" of tire width mounted. If you go with a 285/70R17 BFG you would have a 32.7" tire that is 11.3" wide. So you would be running a tire that is only .5" taller and .1" wider vs a stock 18" set up.
If it were me I would skip the 285s and either stay stock or go with a 295/70R17 which would be 33.31" tall, 11.57" wide. With this tire you would drop for a 3.31 to what would be an effective 3.15 ratio with the current tires or a 5% drop in gearing.
In addition to the change in gear ratio you also need to realize that going with say a 285 (59 lb tire) is going to add 19 lbs of rotational mass to EACH wheel (based on a 265/70R17 BFG Rugged Terrain). If you add steel wheels you will need to check the weight difference there as well and factor that in. You also need to remember we're talking about rotational mass NOT just weight so as speeds increase that 19lbs increases exponentially.
I also notice you have the 3.31 gears, I'm running 3.73s and have had a few rentals that were 3.31s, I hated how piggishly slow the 3.31s are even compared to 3.73s, they just never seem to have the engine in the "right" RPM. That would concern me with going to a taller tire, effectively bringing your gear ratio down even further.
Sorry for spelling and grammar issues limited time at the office to respond today but there is a lot to think about with this swap.