does anyone know if there is a 16" steel rallye wheel available? I know there are billet versions available but they're a little expensive, as I'm doing it to raise the height of my car so it's useable at a new house I'll be moving into at the end of the month.

Look up Wheel Vintiques

Also
www.stocktonwheel.com (http://www.stocktonwheel.com)

Check my Signature under my car they 17x8x5 Nick

Check out Newstalgia Wheels (http://www.newstalgiawheels.com/). They've got steel in 16" & 17"

I bought the Wheel Vintiques - 16x8 with 4.5 inch backspacing. They were around $100 each several years ago. Noit sure of pricing now. Nice wheels, except that their chrome doesn't last. Two of mine started rusting about a year after I put them on the car.

Stockton Wheel also makes a beauty ring for 16-inch ralleys. They are $150 a set.

Will Stockton Wheels 16 inchers accept a standard 15 inchers Derby cap (69 rally wheel center)?
thanks
ps whats the widest 16 inch tire a 69 Camaro will accept, I just happen to have a set of 255/50x16 sitting in garage

You could fit the 255s on the back with the proper wheel. The 255s are not too large in diameter for the front, but they would probably rub on the frame when you turn the wheels to the locks. You could offset the front wheels further out to avoid hitting the frame, but it might not look good.