A stumbled with my friend mechanic earlier and he told me that before I change a lightweight flywheel, I need to balanced out first the motor internals. And just like you said, pistons, con-rods, crank and clutch needs to be balanced well to go with the lightweight flywheel. Its like a love hate thing he said because fitting one in will have a great accelerating but also looses some torque. He told me that the stock flywheel will do. I just need to balanced the internals so it can run more smoother so I need to bore it and change some new parts and run in between the stock compression up to 10:1. One the other hand, he told me to focus more on the heads and cams.
And I don't want a screamer revving up to 9k. I think 7k rpm will be just fine. Thanks for the link. :) I'll read it from time to time and give me news on your differential gearing. But I think your right. I would want the 4.1 :)