I have been investigating this myself, because I'm in the process of adapting yamaha cast aluminum wheels to my commando. I wasn't so worried about the front rim's width since I didn't want a fatter front tire, so I just went with a WM2 (1.85") front rim width. For the front tire, I am trying to decide between a 100/90/19 tire or to go skinnier for lighter weight and quicker steering with a 90/90/19, but either way I think a WM2 rim width is fine up front. I don't see any advantage to a WM3 up front except to change the aspect ratio of the tire's shape on the rim.
The back tire was a different story. Like you, I contemplated WM4, but I really didn't want to find out the hard way that it wasn't going to work OR that it was going to give me a situation where I had to ditch the chain guard and run my tire dangerously close to a greasy open chain. The rear tire that I found was a WM3 (2.15") rim width and it already had a useable (but not new) 120/90/18 tire on it. Since I am going to buy a new pair of tires for these rims anyway, mocking up the new wheels with the existing 120 width tire on it gives me a chance to test that 120 wide tire to see if it will fit before I buy a new 120 width avon to replace it. If I am not comfortable with the clearance of the 120 width tire then I'm just going to order the new avon tire in 110 width.
In my case, I was facing too many other obsticles to make my cast wheel modification work to take a chance and add WM4 width rims into the equation, especially when a 120 width tire fits WM3, and is probably as wide a tire as you can get on the rear of a commando anyway. I also checked out the tire heights because people are always warning against going to an 18" tall back wheel. The 2 tires I have are both exactly the same height even though the front is 19" rim and the rear is an 18" rim. I can't see why it would diminish the handling when they are both the same height.
This week I will get the modified rear wheel parts back from the machinist. I'll put my new parts on, and I will know for certain how the WM3/120 width tire combination works in my commando swingarm. If you're interested, I can post how much clearance there is to the chain and the swing arm with that combo... If I can keep the chain guard and have a 1/8th space to the tire, I am going with the WM3/120 tire...