Uh ..... Mmmmmmm ........ uh........
I thought max total runout was highest spot to lowest spot. (Peak to peak)
And I'll be careful what I say because the distinction is important.
The spec that GM has for wheels supplied to their assembly plants is specified in terms of both 1st harmonic and total runout. I think that spec is different - and tighter - than what they publish in their service manuals.
It's been my experience that the peak to peak value for runout is a bit larger than the 1st harmonic value. So a 0.030" peak to peak runout, would result in a 1st harmonic of about 0.025".
That number sounds way, way too large compared to the GM specs for tires - which is what I am familiar enough with to feel comfortable discussing this issue.
To give you guys a feel for this sort of thing, 1 pound of radial 1st harmonic force variation for a tire is like 0.001" (a thousandth). That is true for wheels as well.
So what force variation causes a vibration in a vehicle? Well, normally we use about 20# radial 1st harmonic as a threshold for passenger car tires and wheels. But very sensitive drivers in very sensitive cars in ideal situations can detect assembly 1st harmonic values at around 10 pounds.
The Hunter GSP9700 uses 26# as the dividing line for passenger car tires.
Based on GM's spec for tires, I can tell you that occasionally there will be assemblies that exceed 10#, but you will never get one that exceeds 20# - and just to be clear, I am talking brand new, properly mounted assemblies that have never touched the ground. Once a tire hits the ground, it develops flat spots and the original runout / force variation gets changed for the worse.
So I think the spec the GM publishes in their service manual is too high to assure 100% vibration free ride. I suspect that this spec - and a great more - are published with pretty wide tolerances to prevent warranty claims - although I admit that if a problem is not solved it still creates a lot of work. I wonder if GM compensates for diagnostic time even if the problem remains unsolved.
Nevertheless, I think the wheel in question ought to be tried.