265/65R17 is 0.51" taller than 255/65R17, a +1.70% change in diameter, inside the 3% range most shops treat as a safe swap.
Ground clearance changes by 0.26" (half the diameter change), and the tire needs 0.26" more room above it.
265/65R17 is 0.39" wider. On the same wheel offset about half of that, 0.20", moves toward the suspension and half toward the fender.
Both fit a 17" wheel; the sidewall is 0.26" taller on 265/65R17.
Details: 255/65R17 in inches · 265/65R17 in inches · change sizes in the calculator