Tire and Rim Dilemma

So that's what "rolling the Lip" is. I was thinking of cutting the lip half off at the top and "blend" the cut down the sides. I could use my Dremel Toll to do the job. The 'lip' is about an inch wide were its rubbing, I was thinking of removing the chrome trim, cutting the body lip then replace the trim and roll it around the cut area. Anyone done anything like that??????