50 psi is too much imo, also unnecessary. It's possible to damage the casing when inflating to that high of pressure.
Tires "grow" over the course of a few days so it's not uncommon for them to measure a little undersized when they're first mounted. Check the width again in a day or 2.
As for the wobble, assuming the bead seat is fine it's unusual. I install a lot of those tires and they are reliably straight. Bontrager has a no fault 30 day guarantee so you won't have a problem resolving the issue.
Tires "grow" over the course of a few days so it's not uncommon for them to measure a little undersized when they're first mounted. Check the width again in a day or 2.
As for the wobble, assuming the bead seat is fine it's unusual. I install a lot of those tires and they are reliably straight. Bontrager has a no fault 30 day guarantee so you won't have a problem resolving the issue.