I know this isn't going to be real useful, my answer is a lot... I have a distant memory that you can take them down to 30 lb. I believe that they're about 40 lb, to start.
MY question is why- do you want to lighten for fast reving?
I have resurfaced a bunch of these, I've never found one to have much run out at all. If you're trying to cut out heat checks, it (heat checks) won't make any functional difference. Make sure that the flywheel is smooth... I don't like the grinding type of flywheel resurfacer for the fact that it leaves a course surface... Doing them on a brake drum lathe leaves too much room for inaccuracy.
My favorite is the Van Norman 570 (rotary broach)... The set up is fast and accurate, uses a tool cut then a grinder for surface finish... Takes down hard spots perfectly...
Not a very fast machine, though.
Karl