I never liked the all red flywheel...
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I was planning this modification and you guys beat me to it...Well Done!
The other thing I am thinking of is carefully mask around the cooling fins only and bead or sand blast the fins. I like the look of the black paint but old Harley trick is cooling fins work more efficiently without paint...also sand blast finish is "slightly" more efficient than polished fins...but not much so If you want to polish it's all good.
I'm shopping for a deal on a Peanut Rider right now.