7J rims are supposed to be for 205 or 215 tyres, max 225, so the 235 is oversize on those too. Has to be a reason for the specifications.
Oversize puts more curve into the sidewall which will alter the stiffness and damping. Most likely in yaw or sideslip as when you run along the size of a lorry rut.
Given the known issues of a P38 on inadequate tyres, like the "death wobble" I don't fancy experimenting. I wonder if there is any tyre size link with the death wobble? I can see mine trying that sort of trick in a few thousand more miles.
Probably doesn't help that modern tyres are designed for independent front suspension systems.
Clive