Preheat the oven to 400°F (200°C). Line a rimmed baking sheet with foil and place an oven-proof cooling rack on the sheet; lightly spray the rack with nonstick spray.
Combine the dry rub: baking powder, salt, chipotle chili powder, ground cumin, chili powder, smoked paprika, garlic powder, onion powder, and black pepper in a small bowl and stir to mix.
Place half the dry rub in a large resealable freezer bag. Add half of the wings, seal, and shake until evenly coated. Arrange the coated wings on the prepared rack in a single layer, not touching. Repeat with the remaining rub and wings.
Bake on the upper-middle rack for 45–50 minutes at 400°F, until the wings are cooked through and starting to brown.
Move the oven rack to about 6–8 inches from the broiler element and switch the oven to Broil. Broil the wings, watching closely, until they reach your desired crispiness; optionally flip and broil the other side for extra crispiness.
While the wings are broiling or cooling slightly, make the honey-lime hot sauce: melt the butter in a small saucepan over medium heat. Whisk in the honey, lime juice (pre-mixed with 1/2 tsp cornstarch), and 1/2–1 1/2 tsp Frank’s Hot Wings sauce. Bring briefly to a boil, then simmer about 1 minute until slightly thickened.
Taste the sauce and adjust by adding more hot sauce for heat or more honey for sweetness. Transfer cooked wings to a large bowl and gently toss with the honey-lime hot sauce, or serve the sauce on the side for dipping.