just to touch on it quickly...this has been discussed a bit in the past in different threads...
the "bad for the engine" notion is due to harmonic resonance, which in turn relates directly to crank oscillation in a number of ways...a simple way to think of it is that you figure a crank shaft is a well balanced and heavy hunk of metal, and then we have these crazy things sticking off of it that push the crank in different places at different times...simply, a spinning crank, that is being spun by rods and pistons, is difficult to keep perfectly balanced...
But with that said, modern engines have much better crank balance and overall assembly balance than Detroit's days of yore...I swear to everyone, that on most modern small displacement engines, the reason a stock "harmonic damper" is so heavy, is actually closely related to your idle quality, than actually absorbing any vibration...
Anyway...Harmonica resonance within a rotating assembly is directly correlated with volumetric efficiency and rpm...more so with volumetric efficiency...because the engineers that designed the engine are much better at balancing an engine for rpm, rather than load...so weakest part of a current engines design is usually oscillation at times of high volumetric efficiency...or high load basically...so you can see where this is going...NA engines, especially small NA engines, rarely have much of a problem with "load vibes", simply because the parts are much stronger than the vibrations caused by what little air they can pull in in the first place...so they have very little stress on the entire assembly, even at its peak volumetric efficiency...
the point of a damper or balancer is to help prevent oscillation within the crank...both the flywheel and the crank pulley do this marginally, by using mass points and overall weight within the balancer to help absorb vibrations that could theoretically travel back and fourth along the crank and crank cradle...But its overkill on a small engine such as the FS...we don't make enough V.E. to overwhelm the stock crank, which is forged to begin with...I am almost ready to test this just to prove a point...It is my bet that the difference in crank vibration from a stock piece to a lighter UDP and lighter flywheel will be so marginal it will barely make a difference...as long as the peak volumetric efficiency isn't raised significantly (like turning 130lb/ft of torque into 200...won't happen if you do it our way)...
Also some question the integrity of the oil pump, and oscillation will potentially cause problems with that...But...again, the difference in oscillation is so small in a well balanced assembly that it won't make a difference...
If you are worried at least check out other boards, such as VW, Honda/Acura, Toyota, BMW, etc...they all use these...and most of which have crank driven oil pumps...on heavy modded NA apps, even with UDP's and flywheels, you barely ever hear of critical oil pump or overall engine failure...but...you probably will come across a few with turbo's and UDP's that popped...
and that is what the above was relating to...Turbo's make torque...by raising V.E. by a lot (more so than 100%)...this creates all kinds of extremely wierd and hard to cure vibrations within the crank...You will notice that the strongest turbo'd engines, are actually somewhat crudely designed...especially for efficiency...the money goes into extremely beefy parts, and if they are strong enough...they hold...and one reason for this is because of the how it is extremely expensive to cure load vibrations...there are ways of doing it for the most part, but its simply cheaper to use stronger, more expensive parts...and crank pulleys, at least heavy ones, really help this...so on Turbo cars, I would never recommend a UDP...but this is entirely different to NA engines...
this is getting way long, but one more thing...One thing that doesn't get mentioned much is the true reason for heavy s*** hanging off the end of a crank...idle...everyone buying a new car for some reason wants the thing to idle so quiet and perfect that you don't even know the engine is running...I hate that...heavy flywhees and pulleys create smooth idles by allowing the engine not to slow down nearly as much between each pistons ignition...which helps, because at 800 rpm the engine is struggling more than you think to actually keep running...with lighter end parts, the engine is more rough because it is actually slowing down considerably, even in the fractions of a second, between each piston ignition...which makes it feel and sound rougher...a rough idle is the only thing a NA owner should be concerned about as far as UDP's...and if the oil pump s*** scares you, convert to dry sump...its cooler anyway...