[many birds]

I'm in the process of deciding whether or not to restore a rusty set of 15x7 Rally II wheels. Before I spend too much time on prepping them, I'd like to know what are tolerances for runout. How oval shaped (is this called radial runout??) and how much side-to-side runout (is this called axial runout??) is allowable before it becomes problematic? And where should I be measuring this? I don't have a wheel balance machine, so I'm going to mount the naked wheel to front axle to do the measurements.