Federal RS-R's always turn out cheapest tyres at the time, and yeah 195 or 205/50 is the most common size. Only thing with the Federals is they don't like to last long, so the Toyo's will probably give better bang for buck in the long run. Agreed with Knightrous on the rim sizes, at 8" width +25 you are starting to near the limit before you have to guard roll on a lowered spring, (8.5 +25 usually needs rolling). I think 7" up to +18 is fine too, but cheaper rims always seem to sit at around +35, which is still a good step up from factory.
 
Short of semi's though, I've heard good things about the Dunlop Direzza star specs, and I like running Potenza RE-002's for daily tyres with plenty of road grip, were only about $125 a corner for me. Would be fine for a trackday, but I would imagine after getting a lot of heat into them, they go "off" and feel hard on the streets, at that point I wouldn't trust them for too much longer.

Time for an update of some sorts.
 
 - A fellow adubber who has a particular turbo GZE and is building another engine, put his GZE long motor for sale for incredibly cheap since it is well used and had an oil leak. Picked it up and giving it a cleanup and using a lot of my good parts to get my car running. Pulled the caps off the crank and they're looking good enough to reuse, although not fantastic.
 
 - A week later my old daily Liberty GT sold, so got a well needed cash injection into my AW11 rebuild fund. Trying not to spend this on the new engine itself but already spent a healthy amount on well needed brake and suspension refresh. I'll update as they start rocking up at my doorstep :)
 
At the moment the concentration is to get the car running again, so engine dropped back in and sorting out my 3 transmissions into one working one. Brakes will get done at the same time as well as wheel bearings.
Once this is done I'll be redoing the suspension.
For the brakes and suspension it's going to be very much a case of doing it properly the first time around, so no expense has been spared :)
 
Longer term goal, eg. end of this year, is to have my old engine fully rebuild so it's like new, and pending on how well my replacement transmission goes, either getting my old one rebuilt, or just using the replacement for the time being and getting my fresh engine swapped back in.
 
New wheels are on the cards as well sometime this year.

Nice to see some progress well hear of some through I can't say much about me either but still hope to hear you get it running keep us informed will you? and hopefully my gearbox I sold to you can help you out.

Some more stuff arrived yesterday:

RDA rotors rocked up a while back, fronts are the gold coloured zinc plated slotted and dimpled, rears are non-zinc slotted and dimpled. Goodridge braided brake lines, wheel bearing seals and new Toyota MR2 decal came yesterday.
 
Still waiting for more boxes to arrive!

TGP wheel bearings. Ordered from Amayama via UAE so turned out pretty much the same price as aftermarkets.
Only difference is the seal kit is needed for TGP bearings, but are fairly cheap too so I figured why not.

And more parts!

 
 
Got bored of doing the engine and kinda hit a wall anyway since exhaust side is together but need to wait for knock sensor to keep going on the intake side, so did this today:

Prothane bushes

Also gorilla lug nuts for the next set of rims I've purchased.

As of last night, engine is 100% back together and ready to be installed. Transmission is waiting to be bolted back up to the engine once I can drop it off the stand.
 
Just organising engine crane and someone to look after my daughter so I can get it installed.

Im so jealous of the condition of your Aw11 
 
I hope you can get the old girl running again soon.
 
I have to admit I would find driving one of these in auto odd. I couldn't imagine not having manual when swinging the car around mountain corners or blazing around a track.
 
One day though I should give it a go and see if its truly superior. 

majsomeone to look after my daughter so I can get it installed.

Duct tape not a good enough baby sitter?