Wire wheels are heavier than alloys which is why alloys came in to start with. I have also owned two Morgans - one with wire wheels and one without. Wire wheels are poor aerodynamically so the performance is not so good. Also you don't just have to clean them but the go rusty, spokes break or work loose and they need maintenance.
Before the war people with wire wheels covered them up with wheel discs to save the cleaning and to hide the maintenance horrors out of sight! (No MOT then!)
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