650 flywheel will not fit without major mods. Your stator is mounted to the flywheel cover, a 650 stator is mounted to the engine, so the flywheels are reverse shapped (750 faces forward, 650 backward) . In order to install a 650 stator, you must machine the cases to accept it. Plus you need to run 650 electronics (ebox and all) unless someone has come up with a way to make 650 stator mate to 750 electronics recently (I highly doubt it).
650 flywheel might be a little lighter, but not worth the hassel. You can always take your flywheel off and have it lightened, much better option.