Albs, I see what you're saying about the light wieght pistons, but it won't help the car accelerate any quicker, however, the lighter stonger components will all the max rpm to be raised without stressing the crank like you said, so with different cams they allow more power to be made.
azza_126, too right, taking mass of rotating components is much better than taking the same mass off the car, its all about the gearing, the engine has to rotate 15 times (in first) for every rotation of the wheel, so any reduction in mass will be be 15 times more effective if its taken away from something spinning at engine speed (in 1st).
The courtney flywheel definately fits

you need some different bolts though, part number 90511423. And the clutch is a bit of a pain as you need to find one with springs (otherwise its really judery to drive). I used one from some 2.2 something or other, I'm hoping it will stand up to the torque, time will tell.
Andy, thats the plan

I think it'll be weighing in at 1200 ish when its all done maybe a tad more, I'll let you'll know.
(sorry for threadjacking)