Hi pete, dont you ever get tired of answering this noobs questions? 
husker3in4,
Not at all. I want your kids to have good pizza and to save you a few bucks.
I assumed a thickness factor of 0.11 and plugged all of the baker’s percents numbers from the dough formulation you posted into the dough calculating tool at
http://www.pizzamaking.com/dough_calculator.html. Assuming that you use active dry yeast (ADY) and 58% hydration, the numbers for two 12” pizzas are as follows:
Flour (100%): 426.22 g | 15.03 oz | 0.94 lbs
Water (58%): 247.21 g | 8.72 oz | 0.54 lbs
Oil (3%): 12.79 g | 0.45 oz | 0.03 lbs | 2.74 tsp | 0.91 tbsp
Salt (1.75%): 7.46 g | 0.26 oz | 0.02 lbs | 1.34 tsp | 0.45 tbsp
ADY (0.75%): 3.2 g | 0.11 oz | 0.01 lbs | 0.85 tsp | 0.28 tbsp
Sugar (2%): 8.52 g | 0.3 oz | 0.02 lbs | 2.14 tsp | 0.71 tbsp
Total (165.5%): 705.39 g | 24.88 oz | 1.56 lbs | TF = 0.11
Single Ball: 352.69 g | 12.44 oz | 0.78 lbs
If you use the Rapid-Rise yeast, which is similar to instant dry yeast (IDY), the numbers are as follows:
Flour (100%): 426.86 g | 15.06 oz | 0.94 lbs
Water (58%): 247.58 g | 8.73 oz | 0.55 lbs
Oil (3%): 12.81 g | 0.45 oz | 0.03 lbs | 2.74 tsp | 0.91 tbsp
Salt (1.75%): 7.47 g | 0.26 oz | 0.02 lbs | 1.34 tsp | 0.45 tbsp
IDY (0.5%): 2.13 g | 0.08 oz | 0 lbs | 0.71 tsp | 0.24 tbsp
Sugar (2%): 8.54 g | 0.3 oz | 0.02 lbs | 2.14 tsp | 0.71 tbsp
Total (165.25%): 705.39 g | 24.88 oz | 1.56 lbs | TF = 0.11
Single Ball: 352.69 g | 12.44 oz | 0.78 lbs
As you can see, there is not much difference between using the ADY or the Rapid-Rise yeast. However, if you use the ADY you will have to hydrate it in a bit of warm water. The Rapid-Rise yeast can be added directly to the flour.
Let me know if you need any further help.
Peter