My tire/wheel journey:
Soon after purchase, I sold those terrible 20 inch alloys and Dunlops as fast as I could. This was the only thing offered on an LC premium at the time.
Thanks to Facebook marketplace and all the take-offs that people so with their LC250's to upgrade wheels and tires, I've now got two sets of (5) factory 18" wheels (including matching spares) and switch them seasonally (keep the alternate wheels/tires stacked in a protected storage area).
Set #1 - factory Michelins LTX (265/70/18) -original OEM TPMS valves
Set #2 -BFG KO2 (265/70/18) -Discount Tire TPMS valves -work just as OEM
Could have gone one size up on the BFG's, but these were on clearance, being replaced by the KO3's, so got a good deal on this size.
My routine has become to put on the BFG's around September for my annual off-roading/camping trip to CO and leave them on until around now (spring) when winter weather is over. I then switch them out for the factory Michelins (takes me 45 mins). I do the "set #1 <-> set #2" TPMS tire swap procedure in the settings, drive for 15 mins and they register perfectly.
I must say, I really enjoy the more aggressive look and traction of the BFG's, but it's OH SO NICE this time of year to put the Michelins back on! Buttery smooth and quiet on the highway and I get about 2-3 mpg better in gas mileage. There's a reason they come from factory with these and they make warm weather highway travel SO nice.
Terrible 20's with factory Dunlops
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18's with factory Michelin LTX's

(also removed side steps for factory sliders and added factory mud flaps along with the different center caps)
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Factory 18's with BFG KO2's
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