Buckeye - I agree, of the full size pickups, even ones designed specifically for off road, I would put the Power Wagon right at the top of the list for capabilities as delivered. My point is 37" tires do not materially improve on the as delivered capabilities.
Off road capability exists on a continuum. I have owned G Wagons, Land Rovers, Land Cruisers, Range Rovers, Forerunners, Toyota SR pickups, Pathfinders, Jeeps, of various vintages and versions, Suzuki, Lada and a raft of others, including full size pickups. Given the width, weight and length of a Power Wagon it is not going into the same places a 2 door Jeep or Suzuki will, even if they are all in bone stock factory trim.
I am not trying to disparage the Powerwagon, it is amazingly capable for what it is, but you also can't fight physics. If you are 2 feet too wide you aren't going through that rock opening or between those trees. At 7000 pounds you aren't going tiptoeing through the skeg, no matter how wide and tall the tires are.
My whole point is, get the right unit for the job, spending an extra $20,000 kitting out an $80,000 Powerwagon is not going to make it into a Sherp or even a well rigged out Jeep that still seats 4 and is road legal.