The flywheel is not there to absorb shocks to the driveline - the springing on the clutch does that. It helps the car maintain a smooth idle and makes it easier to hill start. A lightened flywheel is worth it in a performance car but it's generally a bad idea to machine down a stock cast item as they dont tend to be the strongest thing in the world. The Toda item will be of very high quality in both materials and workmanship and at that price is a bargain.
If you really want an easy, cheap way of getting more power out of your 5M then I would reccomend a 25-50hp wet shot of laughing gas.
The problem with upgrading an NA engine is that most modifications require other modifications to make them work to their full potential. There is no real magic bullet that will suddenly find you 30hp unless there is a particularly badly designed part from the factory (the exhaust manifold on the proton satria gti springs to mind). The trick is to find the bottleneck in your current configuration and fix that.
Cheers,
Terry
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