A larger diameter tire will lead to a larger circumference, which will ultimately increase top speed, but increase the amount of time required to reach that speed. If you go with a higher diameter wheel, go with a lower profile tire...this is why they were developed, to give you the look of larger wheels without the loss in acceleration. There is more circumference to rotate, which slows down acceleration. While the loss is minimal, it is noticable.

 

Tire heights
245/50/16 - 25.6"
255/50/16 - 26.0"
275/40/17 - 25.7"
285/40/17 - 26.0"
315/35/17 - 25.7"

As you can see, the 245/50/16, 275/40/17 and 315/35/17 are all very close in overall tire height.

 

this is very useful, thanks