Quick update. I picked up a flywheel last night. It weighed in @19lbs (as expected). I am going to be lightening it this evening and will update with the after weight and pics tomorrow.
Just a side note. The shop I picked up the flywheel from is located in Mississauga and is called KTM Motorworks. It's a one man shop and the guy who runs it is an E30 nut, he's got a built Turbo M20 in the shop that he told me put down 500hp on pump gas last year. He told me he's planning on getting a better turbo and some race gas this year for some serious power. Overall he was a nice guy to deal with.