Obviously just my opinion, but I voted tucked, although a third option would have been better (stock fenders with a slight poking out of the tire.) To expand on the opinion, first of all, the vehicle looks "finished." Second, the larger the wheel opening, the smaller the tire looks, because your reference point changes. If I was an aftermarket company, I'd recognize the fact that the majority of wrangler owners lift/big tire their vehicles for the look more than the capability. As someone that owned a JK on 33s and now another on 35s, and someone that posts a lot of forums, I saw the commentary and reactions I got from people.....
This is my old JK on 33s on 15s, with only a leveling kit...the minimal space between tire and fender make it LOOK like the tires are larger than they are.....because they poked out a tad, as well as were close to the stock fender.
And I used to get lots of PMs asking me how big those tires are, how it looks so good, etc. Now obviously you know those arent big tires, but you're not the mass public. Others have rigs with cut fenders and larger lifts with larger tires, but they LOOKED smaller because of the extra space...like a clown car on small wheels. Having the tires poke out just a tad gives the vehicle a more muscular stance (remember the pontiac wider is better commercials?).
On my current JK, I had to either trim my fenders or lift the vehicle to clear the 35s, and chose to lift because again, the excess space around the tire made the tires appear smaller...but with minimal fender gap they maintain their large appearance.
This train of thought carries over to the sports car world, where people slam their cars to have minimal fender gap so that their wheels appear larger (rims), but in the jeep world, we look for the tire to appear larger. Again, just trying to be helpful, not stating any of the above as fact, just my opinion. :thumb:
Jim's rig you posted to define "tucked" has the perfect amount of tire poking out, about 1" past the fender line. So if that's your definition of tucked, you can ignore my comments on the third option. However, the stock JK is too tucked, and looks weird, in which case my third option comment stands.