Hi John,
I'm running 195/50x15 front, 205/50x15 rear with no body mods. But my car is the TC and although the suspension is lowered I doubt it will be as low as you have with your S1.
I also suspect the wheel arch clearances may be slightly different because a guy on the Yahoo List (Richard) runs the same front tyres on his S2 but has clearance problems at full lock. This is at the rear of the wheel as it turns outward and the rubber contacts the back of the wheel arch. It's tight on mine but there's still clearance throughout the range of vertical movement - photo attached.
There's plenty of clearance at the rear on the arm & body. The only snag is to replace the wheel I need to let the suspension go to full droop so that the wider tyre clears the bodywork when you're tilting it out. I've not tried 195 there, assuming you'll be keeping the same ratios all round you might be ok there, certainly better than me anyway.
Wheels are 15x6" all round, offset is 30mm I think. Not sure, I'd need to check that.
Pressure wise I run 18-20psi front, 28-30 rear. (that means I pump them to 20psi and top up when I find they're 18psi or lower
)
Stiffness; I'm not sure I'm the guy to comment because my suspension has higher rates, from OEM 1.25F, 1.36R to 1.81F/1.96R and the wheels came along around the same time as the suspension, it was a package deal.
I calc'd the S2 as 1.1F, 1.4R so if you're the same as the S2 then I'd guess you'd notice the difference in sidewall.
Brian