I saved a thread about this from Dale McIntosh (TC #92) about the differences between offset and backspacing. Hope this will help.
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I've been trying to do some extensive research on wheels myself - particularly on the American Racing site since they seem to be the most comprehensive. Take the custom offset 17" TT-II for 4.75" bolt pattern as an example. They offer no less than 20 in 17x11 with the following offset
(1st number in millimeters) and backside setting (2nd number).
To quote ARE's terminology:"Backside setting/Back spacing - The measurement from the mounting pad to the inner edge of the wheel"
"Offset - The offset of the wheel is the distance from the mounting pad to the centerline of the wheel."
"Negative offset - When the mounting surface is closer to the disk/drum (Inside) of the wheel. Or the mounting pad is behind the centerline of the
wheel. This type of wheel is commonly referred to as a deep-dish wheel. This offset is common in older vehicles and many of today's trucks and will bring the wheel/tire combination out away from the vehicle."
"Positive offset - The mounting pad is forward of the centerline of the wheel, towards the street side of the wheel. This is common in most front
wheel drive cars and some newer trucks. Generally speaking a positive offset wheel brings the wheels closer to the center of the vehicle."
Point here being that there is more to consider besides just backspacing:i.e.
How far the mounting hub is offset from the center of the wheel makes a difference,as well.