No, this is not something that I would try to do "at home". Being a cheap old dick at heart, I have tried just about everything that can be done to a car, by "doing it myself" to avoid costs. Because of that, I have learned about a thousand things that I can do, that make other people go "oohh,ahhhh, jeez are you ever a smart old bugger. On the other side of the coin, I have learned about 2000 things that ya just can't do without specialized equipment and have it work properly. Then you not only have to pay to have somebody else correct your mistakes, but you generally screw whatever it is you just tried to fix/do yourself so badly that the part is ruined beyond fixing, and so you have to first pay to replace the damn part, then pay again to have someone else with the proper equipment do it the right way. Any thing that involves a heavy weight (wheel and tire) rotating at a high speed, is something best done on a lathe or milling machine, or both.