1. As long as the LTs will have a 1" minimum between the tires and 2 3/4"-3" at the top and a half inch clearance on the sides of the tire on a std leaf spring suspension trailer the LT is a great upgrade. The XPS Ribs are a commercial grade all steel ply carcass tire. The Bridgestone R-250 is another commercial grade all steel ply carcass and isn't as pricey as the Michelin. Check them out.
Your 15" ST tires were probably a 225/75-15 E which were 28.2" diameter. The LT245/75-16 E has 3042 lbs capacity and is 30.4" diameter and is a popular size for a 15" ST replacement.
The LT235/85-16 E also has 3042 lbs capacity but is 31.5" diameter. This tire size is the most common 16" size for trailers of all types.
2. The XPS Ribs don't come in 15" sizes. No one uses a wheel that small on a pickup anymore although all of the older half ton pickups used the 15" tires at one time with several sizes and load ranges.
3. LTs (light truck tires) were used many years before the ST tire were made and still the best choice for a heavy trailer like yours with a 11462 lb GVWR.
4. Much depends on your trailers hub size. With a 11462 lb trailer I would bet it came with a 6 lug hub. Lots of 6 lug 16" trailer wheels available in steel or aluminum.
"good judgment comes from experience, and a lot of that comes from bad judgment" ............ Will Rogers
'03 2500 QC Dodge/Cummins HO 3.73 6 speed manual Jacobs Westach
'97 Park Avanue 28' 5er 11200 two slides