I held out some hope that I'd have enough clearance with a careful chain installation. So tried it, and if every single link was perfect I still only had about 0.1" clearance on certain links. No way would the chains stay that way during actual use.
My local dealer (farmer's CO-OP) said they did the thing with turning the tires/hubs around and swapping sides frequently, so I looked into that. After measuring and talking to them again, it looked like that was going to give me TOO MUCH clearance. I've forgotten what we determined, but I'm thinking it was an extra 3.5" per side. That would be too wide for my blower and even for my 84" rear blade when angled. In the end I decided on 2" wheel spacers from BORA (Motorsports-tech of Reno, NV). Those spacers are nicely made, I had the dealer install them and load the tires at the same time. BUT, even with only 2" per side my blower is now a bit beyond my rears (looks like about an inch per side) and the 4" total extra tire width is a lot more noticeable when grading with the rear blade than I expected.
Unfortunately we have had very little snow here (southern Rockies) and I have not been able to test the blower to see if I care about the width or not. If it seems to matter I'm thinking I could either add some wings to the blower or I could sell it and go up to 7 ft. I didn't pay too much for the 6ft blower, but finding a 7ft 3-point blower in good condition around here may take quite a while. I regret buying a 6ft anyways, it wouldn't cover the tracks either way in a bend. Don't know what I was thinking...
I want to suggest that you could take some measurements from your own machine and see what you think you'll get by reversing the tires. The mechanic at our dealer said something about "not all these wheel assemblies were the same". I couldn't pin down if he meant not all the wheels were the same across the different models, or across the range of years. I'm not even sure if he knew --- they just don't seem to pay that much attention to it. BTW, I never measured my old MX5100 hubs during the 3 months that I owned both machines, but they sure looked the same as my
L5740's and I was pretty sure at the time there was no difference. Only later when I got into it did I wonder if they were exactly the same or not.
Hope this helps.
EDIT: The reason I wondered if the MX5100 might be a tiny bit different is that when I measured my 5740 hubs I convinced my self that I was going to get more clearance than shown in dstig1's photo above. Why would that be, other than some difference in the wheels? There is no difference in the frame of a 5240 and 5740.