I had some very similar experiences with Michelin LTX tires on my cruisers recently. Both these incidents happened not to long after I used the spares tires. Both tires had never previously been on the ground. Problems started with a slight shimmy in the steering wheel which got worse and started pulling to one side. On the first one a fairly large section of thread blistered up before I figured out the issue, but amazingly still held air. After checking the date codes it appears that they were both likely the original spares from the factory(16 yrs old). Lessons learned: 1. Get under your vehicle and check the date code on your spare before you need to use it! 2. If you experience the onset of a steering shimmy, stop and check those tires(however it can be difficult to visually identify the onset of tread separation)
Do one better, drop the spare from under the truck, check the tire pressure, date code, check for cracks, clean it with a degreaser to clean any corrosive road grim off of it, like road salt.
Do this twice a year, this not only makes sure that the spare is in good enough shape to be used safely it also makes sure that the spare tire carrier will work when you need it to. To many of those under the truck/van spare tire carriers never get used and rust and seize and now you're being chased by zombies and you can's change your tire because the spare wont drop down and you get your face eaten.