I have exactly the same rims on my SE and since the stock Firehawks were finished, I've been running 205/55/16's on these rims for my winter and summer tires, since it is too hard to find 195's in my area. Here's a picture of them with my winter tires on:
So here, you have confirmation that they actually work. I compared the height of the 205's vs the 195's and there was no visible difference.
By the way, in tire sizes, the first number is the width of the sole in millimeters, the second is the profile and is actually the percentage of your tire width (ex. 205/55's will have a profile height of 112.75mm), and the last number, of course, is the inner diameter in inches.
For racing, I'm using 225/50/16's, but I highly doubt those will fit well on the stockers. They're on 16x7.5 rims.