Shoaz
Studly dood
The fact that a lighter flywheel takes less torque to accelerate is a fairly simple math problem, and if you want, I can bore you with all the details. However, in the interest of time and space, it might be better if you just accepted the truth from someone who can do the calculations and actually knows what they are talking about in this case.
You're both right. A flywheel is an energy storage device, and a lighter flywheel can't store as much energy at the same rpm. Power comes from fuel consumption, and how big the flywheel is doesn't make ANY difference in the amount of power produced, because it doesn't affect the production of power in any way.
Getting more "power" from a lighter flywheel is the same as getting more "power" from weight reduction. It's a bit more noticable with a flywheel because it rotates at a pretty good clip, so it can store a lot of energy.
The power "lost" with a big flywheel is just stored, which is what Mark was noticing with respect to a brake bias change.
It looks like less power or less torque on a dyno because some of the energy produced is going into the flywheel. So a bigger flywheel just counts as a bit bigger loss, in addition to all the other losses, and reducing rotating weight always helps reduce losses and energy going into kinetic storage rather than doing the work that you want it to. The weight or mass of the flywheel has zero affect on how much power the engine is actually producing. It really only affects acceleration/deceleration by storing energy and releasing it.