Yes the F70-15 will fit with no trouble on a 7" rim. The letter series designation went out in the early seventies. Before they used the A,B,C and so on sizing designation, tires were measured by section width and rim diameter. Example 7.75 x 15 would mean that the tire was seven and 3/4" wide at the sidewall section. Not a tread width measurement. So the old "balloon" tires were narrow in the tread contact area but wide in the sidewall. This was before radial tires and the bias ply tires were very stiff in the sidewall causing a rough ride. By making the sidewall larger, it spread out the load over more area cushioning the ride. The current measurements give you the section width(215 mm) x 70( ratio of the tire height to the width, or 70%) -15 ( the rim diameter) or 215/70-15 the first number will always be section width, the second number is called the aspect ratio, or percentage of height to width and the last number is the rim diameter.