Issues with rallye wheels balancing?

How much up and down or side to side movement is allowed? On one side, the rallye had a lot of up and down movement, but did not move side to side. They have brand new tires. On the same side, when running the original steel wheels with old tires, I had more side to side movement and a little bit of up and down but not as much as the rallyes. There was less vibration when running the old steelies with old tires up front as opposed to the rallyes with new tires. It doesn't seem to show it's head until highway speeds though.