It's not precise, but the nominal aspect ratio for the old style tyre sizes is 100%, ie 7.5 inches wide and 7.5 inches tall.
As I said, not precise, because a 7.50-16 is closer to 32" in dia and would be close match to the dia of a 265/75-16.
Shouldn't cause any strain on the drivetrain, and even less difference on the speedo, but realise that 265's won't fit on the 6" wide Perentie rim, you will need new wheels, and they may scrub at certain steering lock positions and/or suspension articulation with the standard suspension. You will also need to add flares.
You say you already have the 265's, so it won't be helpful to suggest that 235/85-16s might have been a better choice, as they will be a direct swap for the 7.50-16s!