I don't plan to go over 6000rpm, this will be a turbo engine.
Can any engine shop do the balancing or is it specialized work? I assume it will be a dynamic balance not static?
I will need to weigh the flywheel and decide whether I want to use it or not.
Most engine shops should be able to do the balancing work for you however, as we all know, there are blokes that can do the job and there are blokes that can do the job properly.
Always best to choose from shops that come highly recommended.
The turny parts are dynamic balanced and the up and downy parts should be weighed and matched to their lightest brother.
The std blue/black flywheel is lighter than the red flywheel to compensate for the heavier reciprocating mass of the fully counter weighted crankshaft.
So at least use a blue/black flywheel or a red flywheel lightened to the same weight.
An alternative would be the Yella Terra billet steel flywheels that can be had in various weights.