The hub centering rings are actually beneficial. I have mounted wheels with and without the rings and run an indicator on the wheel. I was trying to decide whether it was worth the hassel of prying the plastic (hub fusion) rings off (before getting aluminum rings).
The theory of using a conical nut to align the wheel has merit, but there is significantly more room for missalignment than many folks think. If properly engaged in the lug tightening pattern you can expect the wheel to be within 0.020" runout at the wheel. With close fitting rings that drops to about 0.008".
Even the conical hubs on the tire alignment machines don't always get the wheel centered. I have watched that exercise at HCH when checking my wheels for run out.
Now we shall hear debate as to whether the difference is ever noticeable. Quick some mechanical engineer out there figure the radial force generated by a 30 pound wheel and tire rotating 0.020" off center at 70 MPH.
