When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
Both sizes will give pretty well the same overall diameter as your original 205/50-16. The 215 tyre is wider but is lower profile, ie the sidewall is shallower. The 215/40 is probably the most popular choice when switching from 16" to 17" wheels on the classic. They also tend to be more readily available.
JohnD