I'd imagine a 195 on a 15 isn't so bad, to be honest, in terms of grip etc.. Most early Omegas ran on that size (hence that's what the wheel well was designed for) Didn't most Carltons run on wheels even a fair few mm thinner? I'd chance my arm a bit and say the increase in wheel size on later Omegas was frankly more of a marketing thing, rather than any real-terms performance increase. Reminding me of a thread a few days ago about how more fuel = more power simply isn't the case, as such. Again, a wider tyre does not
necessarily mean more grip - you're reducing the weight per square inch, don't forget.
Always wanted to get something like a Morris Minor and fit it with modern low profile 235 or something, and, conversely, fit the super-skinny tyres of the Morris on a modern car (or equivalent weight, of course) then do cornering tests, to see just how much grip is down to the tyre width etc..
Slightly digressing, but I'd have no issue with running on 195s on an Omega, personally.
PS I hate runflats with a passion!!!
There's some scientists getting very foamy at the mouth here debating the issue:
https://www.physicsforums.com/threads/wider-tire-giving-better-traction-debate.330790/