The LS1 brakes are only on 98 to 02 Camaros. All models. It is the sidewall bulge that is the culprit, and it seems you have avoided that by choosing a thinner tire than I did. I bought my 20" wheels w/ 5" backspace from a guy who was using 295 30s, and he was just using a washer as a spacer. Maybe he didn't need them at all, but when I decided to go wider with the 305s 12" section width), because of tire bulge I had to use .4" spacers to keep the tire from rubbing on the frame. The rear tires you have chosen only have a 11.6 section width, so to give you more room. The 295 40 18s I would like to use have the same 11.6" section width. I may be wrong, but I wouldn't think using a 9.5" wide rim would make it more apt to hit than if I had a 10.5" rim. The section width is not that great. And also, if you buy a wheel with 5" backspace, it doesn't change according to what tire you use. Perhaps offset, which admittedly, I do not fully comprehend, does.
You probably have this tire size site, but here:
https://tiresize.com/height-calculator/