Quantum tunneling should definitely be consistent with uncertainty principles, but I don't think tunneling is because of them.
In the typical example of tunneling where we can measure a particle to have crossed an energy barrier into a region that is classically inaccessible, the increase in the probability amplitude of finding the particle on the other side of the barrier can be explained using Schrodinger's equation. The tunneling doesn't need to be explained in terms of "lowering the momentum uncertainty", it is just how the system evolves due to its Hamiltonian.
Certainly if you were to make many position measurements and many momentum measurements of similarly prepared systems like this you would find that $\Delta x\Delta p\geq\hbar/2$, but I am not sure if that means this relation is what caused the tunneling. I suppose the most you could do is use the HUP to make an argument that if you know $\Delta p$, then you could make an argument as to how small $\Delta x$ could be. If this smallest value (given the mean position $\langle x\rangle$) still allows for the possibility of finding a particle in an classically forbidden region, then you could predict that tunneling is possible for the system. But just because you are using the consistency of the HUP with the rest of quantum mechanics doesn't necessarily mean the HUP caused the tunneling.
Additionally, a decrease in $\Delta p$ does not necessarily mean an increase in $\Delta x$. The only time you can say this for sure is if your state is already at the limit $\Delta x\Delta p=\hbar/2$. Then decreasing $\Delta p$ necessitates an increase in $\Delta x$ because the uncertainty principle must apply.
I would just explain quantum tunneling as an effect of quantum superposition. The probability of finding a particle somewhere can be expressed as a linear combination of position states. Quantum tunneling occurs because, according to Schrodinger's equation (at least non-relativistically) certain position states in the superposition corresponding to classically inaccessible positions will pick up non-zero probability amplitudes, and hence there is a probability of observing tunneling.
Of course, I may be completely missing some other way to look at QM here. Since a lot of the intuition of QM comes from the mathematical formalism, sometimes you can look at things differently and it still be ok. So, I hope I have at least provided an additional way to look at things here.