Specification Sidewall Radius Diameter Circumference Revs/km Difference
265/70-15 186mm 376mm 752mm 2362mm 423 0.0%
225/75-15 169mm 359mm 718mm 2257mm 443 -4.5%
the tire that you got on now are 4.5% larger so I would think you get worse milage and a wrong speedometer but not worse ride ..I think
Not only is your math off, but you've got the results backwards.
265/70/R15 has a tread width of 265mm. The sidewall height is 70% of that, so:
sidewall height is 185.5mm X 2 sidewalls= 371mm+rim/inside diameter of 15inches
15" x 25.4= 381mm for the rim + 371mm= total diameter of 752mm * 3.1416= 2362.4832mm circumference
225/75/R15: Tread width=225mm*0.75=168.75mm*2=337.5mm
337.5mm+381mm(rim)=718.5mm total diameter*3.1416=2257.2396mm circumference
So: 265/70/R15 has a circumference of 2362.4832mm
225/75/R15 has a circumference of 2257.2396mm
2362.4832 is 104.66249% of 2257.2396.
In other words, the 265/70/R15 tire is 4.66% bigger (in circumference) than the 225/70/R15
The "bigger" tire will have a similar effect as installing slightly taller gears. For example, it would the same as going from 3.73 gears to 3.55 gears. This will sacrifice a bit of bottom end acceleration, for more top end capability, or a lower engine rpm at a given speed. This SHOULD result in an improvement in highway fuel economy.
As for the speedo, assuming the truck/speedo is configured for 225/75/15 tires, and you have the 265/70/15's, then the speedo will indicate a speed 4.66% lower then what you are actually traveling. In other words, when the speedo indicates 70mph, you are actually travelling at 73.26mph. At an indicated 25mph, you are really going 26.165mph This can be corrected easily, on a 2nd gen Explorer, with a tuner, such as an xcal3. Just tell the person writing your tunes about the different tires sizes.
As for handling, there is no question. The 265's have a MUCH larger footprint then the 225's and will drastically improve lateral stability and cornering ability. On the highway, the 225's would make the vehicle feel very "floaty" and just "sloppy", compared to the 265's. Given the much wider contact patch, the 265's will also get much better traction, wet and dry. The only POSSIBLE exception would be deep snow. In deep snow, a narrower tire is better, because it allows the tire to sink, and "cut through" the snow, instead of "floating" on top. But, we are talking a very limited situation here. It really only applies to deep, unplowed snow.
Also, as far as the 2nd gens, I thought they all started at 235/75/R15's, and went up from there. I now the 1st gens had stock 225/70/15s, but those would be awfully small for a 2nd gen. Double check your door sticker. You may even find that those 265's are the stock size. I have a '93 Ranger right know, that came stock with 265/70/15's.