I agree although if the entire rotating assy is out of the block it could be balanced to work . but new flywheels are cheap enough from McLeod or Brewers
Recently put my "mostly" 73 Cuda back on the road and I am currently working some bugs out of her! One issue I could use help with is the tranny. She has a 727 behind a 340 six pack and it was rebuilt about 5 years ago, when you apply light throttle (hard to do!) after coasting it has a run away effect. Give it a lot of gas and it kicks in and goes. Where do I start?
You should start a different thread for thsi
Anyway if it doesn't kickdown it may have adjustement problems or more likely the valve body has been reworked to semi or fully manual .
it also sound like you have a high stall converter so when you lift off the throttle the rpm drops & the converter unlocks so it feels like it is coasting until you get back on the htrottle & bring the rpm up again .
SO you probably need a different converter but this could kill the performance off as the converter may lock in before the engine is into the powerband making it very sluggish at lower RPM