using a fidanza aluminum w/steel friction surface on the southbend stage 4 endurance. <3 the flywheel and clutch is working great so far. as far as hp around 500 before it matters, that really has absolutely nothing to do with it. (in fact it could reasonably be argued the reverse is true, that steel would be better above 500hp, depending on the usage)
Aluminum flywheels can cause problems if not properly bedded. the steel friction surface of the fidanza helps aleviate that. It's also pretty cheap to replace (think it was around $100). The weight of the flywheel reduces rev time/engine mass. I'd avoid the 034 product, but I am extremely bias on that.
as far as heat goes, i've never warped a flywheel, but outside of intentionally popping the clutch to extend slides (which i try to give cooldown for), as long as you're rev matching there should be virtually no heat building in the system. I know when i was first learning to road-race a manual i mismatched shifts a lot more and there was some scarring/pitting on my stocker -- but this was largely due to driver mistakes. Don't take this the wrong way <3
http://www.audizine.com/forum/showth...-toe-technique note: the reason i suspect downshifting might be your issue is i've done extended road-racing stints right before multi-clutchpop gymkhanna/stunting and the clutch fade doesn't usually even begin until several back-to-back intentional over-rev pops. Car hasn't been healthy much lately (hence my 034 hate), but haven't even felt any clutch fade from the stage 4 endurance yet.
edit: oh maybe you're just fearing warping rather than actually having warped one. well i'll just leave it written as it is above, as that should give you a pretty good perspective on the matter. Outside of your clutch basically melting and you driving it without noticing the slip, I doubt you'll ever see a warped flywheel. However, absent changes to the shape of the flywheel, more mass = greater heat capacity; aluminum i believe cools faster, but can't absorb as much heat before failing. There are also some driving characteristic concerns. This link gives a better overview than I could ever hope to in a reasonably sized post:
https://fidanza.com/aluminum-vs-steel/
from what i gather, 99% of cases of warped flywheels are from driving around a worn out clutch, and the driver failing to notice it slipping. Unless you're this guy:
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