Well I finally received the standard flywheel to replace the original hot prop flywheel. As you may recall that one weighed 8.86 pounds. The standard flywheel/ring gear assembly weighs 6.9 pounds. For a whopping weight savings of 1.96 pounds. Probably not worth the cost of buying a new one, but mine was a straight across exchange so there were only some shipping costs involved.
In a future installment I hope to have some additional weight saving tip centered around trading out the stock starter and alternator. Until then it's time for me to start hitting the cottage cheese and rice cakes.)