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Assuming the 16" alloy is a 7J (7" wide) you can fit either 195 or 205 width tyres.
205's will give you a slightly wider contact patch on the road, therefore slightly more grip.
I found this out after fitting my 195s lol
Not sure on the impact on the tyre height, as it is a percentage 'in theory' the tyre will be fractionally higher = longer rolling radius....? Cant be that much though......