When I bought my 1976 GMC p/u in 1996, it had those 8.75*16.5 wheels and tires on it (bias ply!).
First thing I did was run down to the junkyard and swap them out for some 16" wheels and used tires. At that time, brand new 16.5" tires were like $150 and the 16" 10 ply were about $80. I bought a new set about 10 years ago and they will probably outlast the pickup.
If you're going to replace the current tires, I would
for sure get something bigger than 8.75.
I think 9.50 will fit on the same rims.
Probably you need to get that thing on a scale and see just what you are working with....
If you weigh it empty, then you need to add in everything that you will load into it: water, food, fuel, people, pets, ammo, etc etc etc. Get individual axle weights if you can.
Take the heaviest (rear) axle and divide by two, then compare that with the max load rating of your tires (or prospective tires). Remember this is at max inflation! I would think that you would want
at least a 25% safety margin
Probably more, if you ever get it off on gravel which is much harder on tires.
(I blew a brand new tire beside Kluane Lake in the Yukon, trying to do 50mph with a heavy load on the then gravel Alaska Hiway.)
Once you figure out what you might need, I would check with a junkyard for replacement rims. There must be many many millions of 3/4 and 1-ton pickups and vans, and lots of 8 hole rims in the salvage yards.
If you switch to dual rears, you're probably going to need to do some bodywork too :(
If you stay with the single rears, make sure you carry a first class spare (or 2?).