it's a waste of IP though; with the price drops, if you want something i'd probably just buy T1 runes since they're so much cheaper, and the benefit to T2 is fairly small IIRC. I don't think there's any real need until you have access to T3 runes (also they usually do rune sales throughout the year, unfortunately you just missed one :(... there might be one later in the year or at the start of next season though). You can always outplay people mechanically regardless of your rune set up, the runes just make things a bit easier.
As for your question, I'd go with attack speed; Kayle's passive already shreds resistances, for the most part two attacks give you more than the benefit of the magic pen. imls (he's a high elo player and coach) recommends attack speed seals (the yellow runes) too, instead of a defensive rune, but that's if you're playing pure attack speed Kayle and you seriously want to optimize everything. If you're going for a defensive rune though, I might favor resistances because Kayle has a heal; your heal is going to heal the same amount of health regardless of how much health you have (unless you're at max), where resistances makes every point of HP you restore that much more difficult to take off. Then again, Kayle's ult makes her invincible, no better resistance than that, which is again why going for attack speed instead of a defensive rune is probably optimal.
EDIT: here's a video of imls coaching a Kayle, including runes and such (he words things pretty aggresively which might make him come across as toxic, try to ignore that :P):
https://www.youtube.com/watch?v=4WOYpP4cytM
also here's RiotPhreak explaining some rune choices, he has a couple of videos on his channel, here's one of them:
https://www.youtube.com/watch?v=GgBhSnIt4RM
best of luck