Does having a lighter flywheel...

[Stoned]

...translate to having more power at the wheels due to less transmission losses?

 

[oldaneal]

i dont think it would but bieng lighter would be a freer reving engine so i thnik you would gain it that way

 

[Fast Guy]

It should do as the engine is using less power to accelerate the reduced mass. It also has the same affect of reducing the weight of the car by differing amounts depending on which gear you're in.

http://www.pumaracing.co.uk/flywheel.htm