Today I spent $120 a wheel on another brand of Sunraysia type wheels (which I had originally been told were ROH Trak 2, but are not) only to have a similar runout problem, although to a lesser extent.

I am a fitter and turner by trade so I am pretty fussy and have a good eye for these sorts of things. Am I expecting too much? These wheels are manufactured by rolling a piece of steel and welding the ends together to make a circle, rather than machining, so I don't expect them to be perfect but they look crap to me.
My vehicle is not a show pony and gets worked pretty hard. I am considering spending a lot more money than I want to, for mags, just so I can have a round wheel.
I am only running 235/85 - 16 AT's and went from the splitties to single piece tubeless rims to improve the wheel balance and ride.