33s should be fine, may have to do some fender trimming. I say upgrade to some 15x8s though. Also after the BL, you may want to look into getting some gap guards to cover the 3" gap that you will have between your bed and frame rails.
Sold:2004 XLT 4x2 Ext. Cab. 3.0 Mods: 3" spindle, AAL, shackle, 32x11.5 on 15x8s, billet grille, clear corners, flow 40 dumped, line-x, CB/PA, traction bars, lil sound system, auto up down windows
Sold:2005 XLT 4x4 Ext. Cab. 4.0 Mods: ProComp lights w/ HID swap on tabs, 32x11.5 on 15x8s, CB/PA, black out heads/corners, lil sound system, cranked t-bars, flow 40 dumped, line-x, shell, bed rug, 06+ tails, metal tail gate handle since plastic one shattered, OHC, Mustang Dome.