Unless you are going to do some serious Corner Carving Track like Driving I would not do anything to the Fender Lip
as it seems in your last Pic the Top of the Tire is under the Fender Lip
However if you have any thing heavy in the Trunk or People in the Back Seat
then that would lower the Body down to where the Tire will be Higher up in the Wheel/Tire Well
and therefore any Hard Corning could cause the Tire to Rub on the Sharp Fender Lip
Here are my Pics of my 67 PassengerSide, did not have to do the DriverSide,
that I Trimmed the Fender Lip Edge then put back on the Chrome Trim
I then Bent Up and back towards the Inside of the Fender so there would not be any Sharp Edges to cut the Tire
View attachment 726325
Tires/Wheels on the Rear = M/T ET Street S/S # 3454 295/55/15
= 10.6” Tread Width / 12.2” Side Wall Width / 27.8” Dia.
On 10" Wide Wheels
DriverSide Fender Lip that did not need any cutting etc.
View attachment 726328
PassengerSide Before Cutting/Trimming Fender Metal Off
View attachment 726330
PassengerSide After I trimmed the Fender Metal off and Bent the chrome Trim Up & Back
View attachment 726329