I have mixed feelings on this.....if done properly, I see no real issue with the tapping of the hubs if the material thickness is not comprimised and one has at least 75% thread engagment (normal Class B fitment)
I'd use a tap drill smaller than recommended to get a tighter fit myself.
The
addition of the nuts on the farside of the hub is a good idea and would be better if using high strength nuts and not "regular" nuts as found at Orchard Aircraft Supply
Now the real question is, do the bolts fit the new wheel choices correctly? I have a rim for a Honda (aftermarket Kosei Racing rim) that I thought I could drill and tap the hubs for and use the factory bolts...but I cannot, the mounting surface between the bolt and the wheels are different....ball socket verses angle socket...
So, I either use studs and the correct lug nuts or find lub bolts with the correct mating surface (which I doubt are available, but I might be wrong)