Are the wheels tight on the pilot diameter on the hubs? That's what centers them on the hubs. If they are and you have the top plates remove any burrs from the wheels and I would think they would run fine as long as there tight.
No way would I run that wheel. With that big of a slot the wheel can rotate on the hub putting a lot of force on the studs when hard braking. Your just asking for it to sheer the studs off and leave you with one less wheel going down the road...not good! Turn that wheel into a backyard fire pit!
Mike B

Kevin beat me to it...LOL