4.80-8 Tires

OK... I purchased a 1967 pop-up trailer and have begun stripping it to the frame to start my first build. I just noticed that it uses a dual leaf-spring suspension on 8" tires (4.80-8) rated to 590lbs at 60psi. I'm pretty certain the bolt pattern is 5 on 4-1/2 inches and would consider a larger tire size, but as the tires are mounted underneath the frame I have very little space to work with.
Here's a photo of the trailer:

And of the axel & tires:

Currently there is only approx. 2.5" clearance between the top of my tires and the underside of the flooring. I could raise the floor using 2"x2" framing or integrate an internal wheel well into my design, but would rather not complicate things more than necessary. I plan on building a very basic & light teardrop (Benroy design) with single skin walls and a "screen & tarp" roof.
Will I be OK running with the existing tires? I won't be doing any back county camping, so typical concrete / gravel roads will be all this trailer will see.
Thanks,
Ken
Here's a photo of the trailer:
And of the axel & tires:
Currently there is only approx. 2.5" clearance between the top of my tires and the underside of the flooring. I could raise the floor using 2"x2" framing or integrate an internal wheel well into my design, but would rather not complicate things more than necessary. I plan on building a very basic & light teardrop (Benroy design) with single skin walls and a "screen & tarp" roof.
Will I be OK running with the existing tires? I won't be doing any back county camping, so typical concrete / gravel roads will be all this trailer will see.
Thanks,
Ken