From personal experience, I'd stray from a lightened flywheel. I had a SPEC kit with a stage 1 and lightweight flywheel, and the chatter is not ideal for daily driving. This also isn't the smoothest operating motor, and the flywheel will remind you.
Reviews of SPEC flywheel
12 votes
I have a custom lightweight flywheel that was made from a Spec single mass flywheel... It does rattle, but not so bad that it's annoying. It revvs very fast compared to a regular flywheel... I must say that the 11lb fly' does make throttle response pretty quick and once used to it, it's a joy to drive.
My starter was definitely messed up but so are the teeth on the SPEC steel flywheel.
I have a HPA specified SPEC 3+ with a single mass steel flywheel. Engagement is pretty much half way through total range of movement. I like it, now I just need to get use to the flywheel chatter when in neutral.
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