You can get a stock T1 flywheel down to 9 pounds. just by taking the metal off the outside diameter, and under-cutting the gear. I think most shops trim to 12 pounds because that's the easiest to do. It takes a lot of extra time to cut off the metal under the gear.
Some important things to do, or not do: Do NOT cut metal off the back of the clutch surface. The flywheel will warp easily if you get it hot, or run a heavy duty pressure plate. If you under-cut the gear, watch out for the step in the front side of the flywheel. After you lighten your flywheel, it MUST be re-balanced, because you just cut all the balancing out of it. Get the clutch surface ground before you get it balanced.
I drive a car with a very light flywheel, and have no problems. It just takes some practice, getting used to it.