Ryan,
Yes this tire combo does work and if I'm not mistaking, w/o refering to the tire calculator, it is the optimum combo for keeping closest to stock. Although, I have run this before, I would definitely go wider in the rear b/c the 255 will look slightly stretched and is a very low low profile therefore offering little rim protection. With a rear rim width of 9.5", you can do 265/35 or 275/35 without compromising TCS. I believe that 215/40-17 & 265/35-18 the most commonly used application. FYI, I'm currently running 225/40-17 & 275/35-18 w/ no problems. My front rim width however is 17x8, so in your case, staying at 215 would be perfect w/ 17x7.5. Hope this helps.