FK1000P works, but if one is going through all the work of taking the wheels off, one might as well coat the wheel with some type of paint coating. Yes paint coating, there are some reports, that I have been coming across, that are noticing longer performance going with *certain* paint coatings vs *certain* wheel coatings. Heck while one is in there and has plastic/painted wheel wells, clean and coat them, too.
@Fishing, you have no need to worry about coating a wheel, unless it is black. If the vehicle you have in question is a daily driver, chances are that you will not notice any high spots due to some level of dirt getting onto the wheel. In fact, coating a wheel is a great place to start with ceramic coatings because only a certain percentage of the wheel is visible at a given time, so if you mess up, chances are that you will not see the mess up.
Back to topic, if going wheels off, clean and coat everything you can and don`t look back. If you don`t want to spend a ton of money on a coating, look to DPC Shield as it will go on anything but glass and interior, and is $39.00 for 4 floz. You can`t beat that deal unless you want to step up to something like GTech CSL or KAMIKAZE ISM COAT V2.0. The one caveat to DPC Shield is that you will get about a years worth of durability unlike the longer durability of a higher grade coating.