Simply put, would wheels with these sizes/offsets fit my MY04 S:

17x7.5 +48mm front

17x8 +45 mm rear

Any fitment issues or rubbing issues if lowered about an inch? The guide said they would fit, but I'm not 100% sure. Thanks.

 

It'll fit with ease.

Im taking a wild guess on these wheels. Are these the black racing pro N1's?

 

you'll be ok... but watch your tire sizes...