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Unless you plan on doing a lot of "serious" 4X4 action, the 20's tire/rim combination is going to be the best in the look department (IMO). Be prepared to spend the extra green on them though.
As far as the tires in question are concerened....I really don't think you're going to go wrong with either one? Pic whichever one has the most appealing tread patern to you and fits your budget best and go with it.
I have the LTZ's on my 06 in 305/55-20. I like them, low to no road noise. Good tread life so far. They have a pretty good look to me also for a a/t tire.
i have 305 nitto terra grapplers. I like them, but be prepared for roaring. Which it doesnt bother me but some people it does. They seemed to be wearing pretty good.