Less weight is not always better. There's sprung weight and unsprung weight: Frame, body, engine, etc (most of the vehicle) is sprung weight, meaning it's suspended by springs. Unsprung weight is everything attached to the other end of your suspension, your brakes, axles, wheels and tires. More unsprung weight will result in greater stability, and typically a better ride, as with more weight, you have more momentum, and it will allow your suspension to do it's job better. However, as Lefy stated, you'll more than likely experience faster tire wear.
Now in regards to momentum, lighter wheels and tires will require less force to get them moving, resulting in quicker acceleration. As will smaller diameter tires. Smaller diameter tires will result in a decrease in ride quality, for two reasons: 1. less circumference to take on an obstruction, and 2., typically a shorter sidewall, which means less tire flex.
Oh, the science goes on and on...
Lefy, are those the Streetlock wheels that 4wheel parts sells? They look great...how do you like them?