I've been through this with 16x6 and 16x7 rims. I've run several sizes on both rims for a couple hundred thousand miles.
I found that overall, 16x6 should be a 205 or 215 tire. 235's or larger are too big but 225's are "acceptable".
For the 16x7 I ran 225's and I think that is the limit. 245 and larger are too big.
235's are acceptable.
Aspect ratio is really driven by height limitations (do you plant to run chains? Will they clear the strut?). I run 50's or 55's. 60's if you can handle the height unless you can give up some ride quality. 50's transmit much more road roughness than 60 series.
For the Fiero, I am using 16x6 rims with 215/50-16's. I think that works the best, wears nicely and doesn't look silly on the rim. It's also close to the stock 215/60-14 height.
If you want wider, get a wider rim.
TK
Edit: I corrected the upper limits (IMHO). I know people will try to run a 295 on a 5" rim.
[This message has been edited by TK (edited 03-23-2005).]