What I did..
When I converted my 302 78 Fairmont from a C4 to a T5, I bought a stock, used 86 & newer 10.5" flywheel (50 oz), from an auto wrecker. I then took the flywheel, along with my original auto trans flexplate (28 oz) to a local engine balancing shop, & they balanced the flywheel to the same imbalance as the earlier flexplate. It`s been in the car for 7 years now, still works fine. Also, the stock type "Dynapack" clutch assembly still works fine, despite hundreds of mid 13 to high 12 second 1/4 mile passes. I also have a 85 Mustang 5.0 T5 with a stock clutch, that runs 12.5 @106 mph (1.7 60 foot ), so I think that the stock clutch is a lot better than most people give it credit for.