Mike,
Alan is absolutely correct and is simply trying to help avoid making a mistake that will eventually cost you more money in the longrun.
I checked the Kosman website and the 8" rim is $595.00. The 8" rim is the recommended width for the Dunlop Elite III 240. Also you may not need to remove any material from your swingarm to get it to fit and if so very little. My 8-1/2" wheel cost $595 plus shipping both ways which came up to a total of $630. Shipping may now be more, but Kosman's prices have kept fairly stable.
Tread depth is a key issue here and is the #1 reason why the 210 (17") Metz wears out so quickly. 1/2" in rim width isn't enough to gain the additional mileage you're desiring. Also, the 210 on the Raider is a 210/40R18 which is completely different tire than the 210/50Z17.
A couple other things to consider:
The 240 size tire is going to be around for a while due to it's popularity.The 210/50Z17 is an odd size tire so how long is it going to be available? You end up widening your rim 3/4" and possibly have no options for a tire to fit it. With companies downsizing worldwide and reducing their inventories they can't afford to manufacture or stock dead items.
Secondly, you end up with a wheel that you not only can't sell to someone else but also can't modify it again. You would need to purchase another wheel and that's costly.
I guess my best advise to you is this. Save your money to do this thing right. Don't be impatient or hasty with your decision. If you do it right the first time, you won't need to spend more to make it right later.
One other thing. I noticed you have been inquiring about powdercoating and I assume it for these wheels. The wheel you get back from Kosman will still have the weld bead on it. It costs nearly $200 additional to turn it down smooth. However, the bead is extremely clean looking and uniform. It almost looks like it belongs there. I had my wheel powdercoated over it and it looks fine.
God first . . . . . . . . always!