Excellent! This tire size has been way under-represented on these boards. Too many naysayers declaring it won't fit. Sure, technically it doesn't fit out of the box, but with just a little work, it adds some serious BEEF the overall look. And protects the rim off road. I get the narrow tire movement, but it's just not for me. Like a hippo with dainty feet, when it should be Land Bruiser.
The 17" wheel crowd can use this guide too. A 305/70R17 is very similar in overall dimensions, a tad more aggressive - 305/70/17 (33.8" x 12.25") vs. 305/65/18 (33.6" x 12.0") Note the popular rock warrior wheel starts at 50 offset. So a .75" spacer would be ideal.
For the LX crowd, this thread is just as applicable to those wanting to run a 305 on 20s. It's very similar in overall dimension to a 305/55/20, which is actually a tad wider but a tad shorter: 305/55/20 (33.2" x 12.3") vs. 305/65/18 (33.6" x 12.0"). No KDSS bar to worry about. Run the same 1" spacer as the stock 18" wheel guys (All OE wheels are 60mm offset).