melicha8, you're right, 85% of the increase comes from the reduction in weight. BUT, i think what the others are thinking is the harmonic balancer. i assume you're talking about the accessory pulleys? the cost/benefit of replacing those with lighter ones is minimal, it's just that the harmonic ballancer is so god damn heavy in the first place that it makes such a big difference.
on my previous car (civic) i had all the pulleys replaced with unorthodox racing stuff. i had no problems at all with the engine, and i did notice a fair difference in response. i was very please with them. the problem with them is when you start making more power than original, the engine will become a little too unbalanced and that might create problems.
i will be getting pulleys for my P5 in the near future, i will also be getting a turbo in the near future....but having said that, i will totally rebuild my engine and balance it absolutely perfectly...in other words, a harmonic balancer wont be needed.
just before anyone jumps up and down and also to set the record straight, a harmonic balancer is ONLY used by car companies to reduce costs. it is a very very very cheap way of balancing an engine. i use the example of alec172 - it would cost a small fortune to perfectly balance a wheel in the factory - that's why they just use weights to do that.
later