No updates, other than been driving it around town on the weekends. I am waiting on a big paycheck to line-x the bed, buy a shackle flip, new springs, ford shock towers and bilstein shocks.
I believe my wheels (4 wheels) ended up being right at $700 shipped from Trailworthy Fab with the powdercoating and pvc inserts. I was in the same boat, with a budget, so I couldn't afford spending another $120 or so on rock rings. I do plan on doing that in the future, but not until this truck is ready for abuse. I had them do the powercoating (flat black) and still haven't built up the energy to insert the pvc inserts. They are a pain to get in with brand new super swamper tires. I haven't had much of any leaks either, which was a concern. Just make sure you crank those bolts as tight as you can with the o rings in place. I had a leak at first, but just noticed the bolts weren't tightened all the way, so after tightening another round, I haven't had a leak in 6 months. Also, the guy at TWF is great and included all the o rings and everything.
As far as offset, they are stock H1's. This is where it get's expensive: I am using a Dana 60 dually front axle and a dually dana 70 rear (Dana 70HD), but swapped the rear Dana 70HD DRW hubs with a 14 bolt single rear wheel (SRW) axle's hubs. That makes the offset a perfect match with the front. Once you include the new brake lines, spring perches, gear fluid, etc. it begins to get costly. Long story, but I got the tires for free so that saved me a good $2,500.
Good luck. It takes a lot of work, but well worth it in the end. I will continue to post updates as I buy parts.