285/55R20 is 0.65" shorter than 275/60R20, a −1.97% change in diameter, inside the 3% range most shops treat as a safe swap.
Ground clearance changes by 0.32" (half the diameter change), and the tire needs 0.32" less room above it.
285/55R20 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 20" wheel; the sidewall is 0.32" shorter on 285/55R20.
Details: 275/60R20 in inches · 285/55R20 in inches · change sizes in the calculator