viewtopic.php?f=24&t=42053
I have removed the flywheel but left the stator in place. The kilo will not make a difference to me at this stage - but I sure didn't want to dick around with sealing the grommit. So, it is all left there with only the flywheel being removed.
Gone:

And here is how much rotating mass was involved:

Quite a bit. I am a bit crap at race starts, and this will likely make me more crap ... so I better get practicing!
As people have said the downside is buggering about with battery and charging crap at the track. Forum member 999Gomerz suggested I install an 'Anderson' plug and use that to connect to a starter, or battery tender or whatever. Anderson plugs are durable high-amperage connectors. So I have. Here is the result (I have an RO subframe):

I made a aluminum plate for the right side of the subframe to mount the connector. It looks like a lot of real-estate for a single plug, but I wanted to to be easy to get at under the seat cowl with no mucking about and I wanted it to be shielded as well as I could from wheel/water etc (also, I have a rubber end-plug for it on order). I could have tied it to the subframe but the result was a bit wobbly, exposed, and not that great. The fabrication is a bit crap, I am pretty new to this stuff, but I am happy with the result.
I normally take a spare battery with me to the track to help with starting if things go wrong. It is a Ducati 999 battery so it has some grunt. I wired it up to another Anderson connector so I can just plug the damn thing in to help the bike get started if required.

Also, for the trickle charger I used another Anderson connector and also butchered an SAE connector trickle charger lead with plugs so I can use my other (non-SAE connector) trickle charger without redoing the Anderson connector:

Next Sunday is a race day with no track time in between so wish me luck that it all hangs together!
.. and thanks for your help everybody.