burnouts and tight turns much?? lol, it really depends on the tires. When I complete my stang, I want to throw some 10" wide Mickey Thompson ET Streets on. They probably won't last more than 10-15k miles and a couple drag strip passes. But they are also made for doing burnouts. Heats up the tire so you can get good traction.
Yeah, BFG tires are expensive. For my Ranger, the General Grabber AT2 tires were about $75 a piece though, not too bad. And they are AMAZINGLY good in all kinds of terrain compared to my old tires. For a 16" rim, they will probably cost a little more though.