Yes.
1/2 inch taller ride height, but because the stock rim is a little narrower than ideal, lowering the pressure results in a nicer ride and some ride height loss (compensates). You need to make sure that theres 1/4 inch or more clearance on the stock horrid grey tyres though, or they will not fit. Unless the wheel is spaced outwards on some washers for eg. Total chair width will end up about 1 inch wider.
You will get slightly less torque and range, and slightly more speed. But it isn't much.