better offset wheels are perhaps a better option, less headaches in the end. However a 4-5 stud converter could be good as Im sure you really dig the old Torana and other bathursts wheels with massive offset?

well i have 3'' studs and am running 15mm spacers on the front but im looking into new setups every day and cant make my mind up on what to do till i ffind the right setup then ill do some wheels to suit the setup im happy with!
as for spacers i dont really like them but they are getting better and safer these days like you said with locating sleeves ect
just thought id put it out there :]

I guess in general I'd lean toward 'only use them if there is no other way'. but I'm also a realist.

I don't know who/what brands are out there, but in general I'd tend to want onee that have an inner diameter that mounts them snug (and therefore in perfect alignment with) to the hub, and then have an extended sleeve/lip/hub section so that the wheels are also still perfectly centred to the hub via the centre, not a 'close but possibly a few thou out' fit relying on the studs or long shanked mag wheel nuts.

You could always get spacers that don't feature the above stuff, then turn a couple of sleeves up on a lathe to insert/locate the spacers and locate the wheels too.

I'm thinking of running spacers on my 1200 but really I'm not a fan but I'm too pov to buy wheels with the right off set till I've sorted everything out!
I want to no your thoughts on bolt on spacers as you can get all different one like STD style or you can get from 114.3 4stud to 114.3 5stud which opens us up to alot off wheels and offsets
Any thoughts would be good, also need it to be safe for over 200kmh
Cheers nick