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In the photo above, Brian' Montero (handle is 'bs') is depicted wearing Swamper 34x10.5s on pomegranate rims. Judging by the wear pattern of the tires, looks like they pretty evenly wear.

I agree with GeoCrasher about the two camps. I've used 32x11.5 all terrains on stock steel rims and didn't like the way my Raider felt when cornering, less negative effect with the 31x10.5s. For what it's worth, I thought my Raider handled best with 33x12.5s with 8" front and 10" rear rims. I have no pics with 33x10.5 tires.

1987 Raider - Roxy
1988 Mighty Max 2.6L Turbo - Pearl
1997 Mountaineer V8 - Freddy
2000 Excursion V10 - Freya