Apparently, I'm a finely-tuned, weight-sensing, wuss...
According to these specs for Nitto Terra Grapplers, the 275/70/18 combo is ~1 lb heavier than the 295/75/16... Specs seem to show these are equivalent diameters.
275/70/18 = 27+55 = 82 lbs
295/75/16 = 24 + 57 = 81 lbs D rated
For Toyo Open Country AT II's - different story, but the 295's are the "XT" version and E rated, and are also rated for >300 lbs more load per tire. Toyo specs show the 295/16 as .2" larger diameter.
275/70/18 = 27+53 = 80 lbs
295/75/16 = 24 + 64 = 88 lbs
Wheel weights here:
https://forum.ih8mud.com/threads/oem-wheel-weights.463603/
Nitto Tire weights here (not official Nitto source):
http://www.carid.com/images/nitto/info/dimensions/nitto-terra-grappler.html
So I guess the weight difference depends on what you are comparing, and is not a given.