...Am I correct by thinking the 1” won’t hurt anything?
Logically speaking, you're correct. However, this is where we run afoul of the "every bronco is different" gremlin.
The taller tire is where some find that they don't have the clearance at the lower leading edge of the rear wheel well opening.
This is where your lift will help, but for some reason there are some EB's that just don't have the clearance at that one small point and will rub. This is why you read about some having to move their rear axles back 1 to 1.5 inches.
Luckily most don't when running the way you are, but it bears mentioning.
You can see on FOMOCO's beautiful rig how close that one spot is. With a little less lift, or a little taller tire, or if your axle is a tiny bit farther forward, you could see how that clearance would disappear pretty quickly.
Given that his is only a 1" lift however, gives us much hope that yours won't be anywhere close. I think you're good, unless yours is one of the oddballs.
Great looking combo FOMOCO's got right there!
Paul