I had the original 170 in my 70 with the 4.11's and stock tires and had little power to spare. I'm looking to move up in tire size now that I have a 5.0L, but I wouldn't expect squat outta my old setup with 33's. (and that's still talkin 4.11's)
I've got a lot of info on the 96 Exploder swap, if you're interested. ;-)
Best of luck with the work. Cedar Park is nice. There's a "Bronco" car wash about 10 miles West of you in Lago Vista. (my Dad lives there) Corner of First and Bronco, of course!
Cheers, B2