Shedding that much rotational mass, won't that require an adjustment to the flywheel weight?
How does this even help? If you want to reduce rotational mass, reduce/eliminate the flywheel. That is, if you can. But there are reasons why flywheels exist, ie: to facilitate an impulse response function of the overall system that doesn't go overly nuts and cause components to exceed limits due to torsional stresses.
Until the flywheel has been eliminated, there's really not a lot to be gained, IMHO, from going to lighter pistons unless there's other systemic modifications to the block that need to be optimized accordingly. But as a retrofit, I just don't see what you gain here.