A 34'? Unless that's a bumper pull, you're really going to have to rework the trailer to get under it if it's a 5th wheel. Talking about axle flip deal, and then the geometry for the rear ramp (not to mention just getting in and out of the door) become a little more of a challenge.
Even if it's a bumper pull, you end up having to run a huge drop hitch. Just something to think about.
Regearing would be something to consider as you'll likely lose alot of the lower end when you essentially change over to some highway gears with the 37's. I'm running 285's on mine and my speedo is off by around 5 mph at 65. Expect quite a bit bigger jump with the bigger tires.