275/50 is a common drag tire size, but a not a very common street tire size. I wouldn't recommend going there.
200 rpm difference for a 275/60 isn't that much. It may allow you to add 3-5 mph at the same rpm speed. But, I'd receommend you check Summit and see what they list for 255/60 or 245/60. I think that Mickey Thompson offers this in ther ST line, which is actually a better tire than BFG and may be in stock at Summit.