Best way to prep rallye wheels for paint?

... 2 cans of color on faces only.

Bennie, if you left the backs in bare metal, you'll eventually have the same kind of "rust creep" that Ross kind of mentioned in Post #8 up there. It's one of the main reasons why when powder coating something it's usually done on the entire part -- it encapsulates it completely to help keep all the air, moisture and impurities out.