wheel width, lowering and flare questions, again....

[mini64]

I've searched this great forum but still get confused. On an S4 elan, with say the 2.25 ID springs front and rear, what are my tire/wheel options on a slightly lowered for racing coupe? Can I eventually run 205/60 if I want more then 185, without flares, cutting the inner lip a bit? Can I run 185 without flares if the car has been lowered. What wheels will I need (have original steel now). And if I need flares where do you recommend I find some?