I run BFG drag radials - 255/60/R16's - they are nice, not too bad of wear. Of course I only drive my Stang about 1000-1500 miles each year now. I have close to 30 passes on them with several burnouts and they still have tread. Great sticky tire on the streets but not the greatest on the track - stock suspension for me.
E
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1991 5.0 LX Coupe - 38,000 miles
13.17 @ 106.14 mph w/ 2.138 60'