I got together with another 3 Rebel owners and we bought a set of Rebel take-offs from Craigslist, then split that set up among use for full size spares. Ended up costing us $250 each, but not bad for a new 33" tire and OEM wheel.
I did that specifically for off-roading purposes, I have the OEM spare still in place and take the Rebel spare with me as a full size off-roading spare, so I can still keep going if I get one flat. If I get a 2nd flat, that will be my sign to head home.
But in terms of highway driving, I think the 1" smaller spare isn't an issue, especially since the Rebel doesn't have a limited-slip differential. Just as long as you us it as a spare and change it as soon as reasonable. But if you have to drive a while before you can replace, then I would probably switch to the front like you mentioned.