What's not been mentioned in respect of reducing any weight from the
flywheel is that the 'pulling power' will decrease as there is less inertial
rotating mass and therefore less torque, so although the engine may well
rev qucker, it won't have the same pulling power !
The affect is more pronounced the heavier the car is.
In other words, a light car (on the lines of a Caterham 7) will be fine with
a high powered motor bike engine fitted and used on a race track, but
for road use with all the usual stop start related driving, plus 2 people in it
and oft times a rack with luggage on it, it'll be a lot worse than it was when
it had a 'normal' car engine fitted to it.
So, as has been said, keep it well maintained, carry as little 'excess'
weight around in it as possible, use 0-40 oil + top line fuel and it'll be fine.
Splashing out loads of cash on anything other than that, with the veilled
hope of shaving possibly one measly second on the 0-60mph time
would be money better spent on 'trading up' to a 1.3/1.5
So start saving your pennies.
Finally.....for anyone considering removing the back seat of their 454...
I have no rear seat in my Brab as my daughter needed one with ISOfix
to enable the fitting of my grandson's Recaro kiddy seat. Anyway, when
I next to took it for an MoT I was told that I had to remove the rear seat
belts as they would fail it otherwise ! Apparently it is a requirement that
if there are seat belts, then there should be a seat. Further checking at
another MoT garage confirmed the initial advice given by the first garage.
Also...one MUST advise your insurers, as it is then deemed as being
'modified', or changed from original. What you gain in performance
is lost in the payout for the occasional pleasure of it.