Yes of course, but at 250 hp that would be serious overkill. A close friend of mine used one in his drag car, and the harmonics made it explode while dyno tuning - right around the 1100 hp mark. The driveline shop who rebuilt and balanced my driveshaft liked the idea of a solid carrier bearing mount and a 2-piece shaft.
There is also serious conversation about lightening flywheels versus keeping them heavy/stock, and the general consensus is that it doesn't make any difference in land speed racing, other than flywheels that are even mildly marginal having a greater tendency to explode.
Yesterday's progress included continuing to assemble the doors, finishing the fire system bottle mount, as well as building the dash panel and installing it with the dash. I also splashed 6 rattle cans of white paint in the interior. Today I will mount the fuse panel, rollover fuel cutoff switch, and possibly the master cylinder, which will be complicated in that I can't use power brakes with a 15:1 engine that produces no vacuum, and problematic in that the Weber carbs may simply not fit with the booster in place.