I've been searching the web and there are several features etc on the benefits of reducing wheel weight, namely better performance and better handling.
Calculations vary wildly from 1kg saving on the wheel = 1.5kg from the body of the car all the way to 1kg saving on the wheel = 10kg saving on the body of the car.
I found a more accurate spreadsheet that calculated savings by different formulas that basically meant for my 5kg saving per wheel (20kg total) it was the equivalent of saving 84kg from the body of the car. This calculation took into account diameter of the wheel, mass (at both the outer limit+tyre), width etc and seems to comply with some other calculations that equate 1kg saving at the wheel is the equivalent of saving 4-4.5kg on the body of the car for acceleration purposes.
Other additional benefits are that reducing the wheel weight will put less stress on the suspension parts and as a result a better ride and less "crashyness". Also the wheels have a "gyroscopic effect" on the car's handling and so the lower the weight and the smaller the average diameter of the rotating mass, the easier it is to turn the wheels and as an effect the handling appears crisper.
Has anyone got any more sources of information that could be helpful?