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Have just done something similar to my 04 WG, but went all the way to a 16" rim. Picked up a stock 16x3 rim from a local shop, stainless spokes from Rollies for $150. Had it laced to my existing WG hub. It's dropped the front 0.95", which matches the 1" drop I have on the rear.
Anything is possible...... its only money
dc