nah,that's still too big of a sidewall especially if you're going low. I found a 50 profile to be too big for my liking. Drove like a stock tire,had too much of a floaty feeling still and didn't let the truck sit the way I wanted it to.
Here's the difference:
Stock wheels,3" blocks,monoleafs
205/50/17,3" blocks,monoleafs. This is pretty much the closest you'll get to the stock overall diameter.
205/40/17,3" blocks,monoleafs. Big difference in ride height. Much lower,and threw my speedo off by about 10kmh. When I was doing 90kmh it would be reading about 100kmh. These looked about 'right'.