is this a good setup?

Specs: F 16x7 +38
R: 16x8 +38
5x114.3

 

Not without some modification. The car comes with 55mm offset front and 65mm rear. Those are going out toward your fender a full inch. A fender lip roll and maybe a little negative camber could make it work.
If I can help let me know.

 

thank you very much for your advice....because camber, offsets, and fender rolling are all giving me headaches upon choosing a new rim.

 

I'd stay above +50 on the offset. jm2c.

 

I agree, the higher the offset the better if you do not want to do any work on the fenders.

 

If you're looking for wheels in the proper offset, TSW and O-Z both make a few different 17" styles that will fit with no fender modification.

it's more difficult to find 16"s. Unless you really like the look of smaller rims (I personally really like AP1s with spacers on lowered cars), 17s are the way to go, both for selection and handling.