I still maintain the mass of the flywheel makes no difference - a 10kg flywheel with X inertia will be the same (from a vehicle performance point of view) as a 100kg flywheel with X inertia (albeit the heavy flywheel will be harder to accelerate down the track, but assume the mass difference is taken up by ballast, so the kerb-weight remains the same).
You see, if you take what I said in the context of the rest of the sentence/paragraph, you'll see that I'm right. Quoting small parts of a sentence or paragraph doesn't make me wrong.
Also, Titanium isn't that light really - about 60% of the density of steel, and near 200% the density of aluminum. It does, however, have a high strength for a given mass (assuming the design is sound), which is where it's benefits lie.
If you're after light-weight, use aluminium, wood, GRP, CFRP, CFRC etc etc.
For ultimate strength, use steel or something like that
For high-strength when weight is still an issue then Titanium becomes an option.
You'd rarely bother to make a titanium flywheel, unless you either love marketing (selling 'flashy' things to morons) or you are a moron yourself. An exception might be if you are trying to mount a ring-gear to the flywheel, but still want lightweight, and have calculated that the aluminium flywheel (with cast-iron friction insert [or maybe CFRC] for the clutch) wouldn't take the stress caused by the high torque...
I blow my nose in your general direction...