Weight on the crank is better for lugging loads , hill climbing , trail riding and generally plonking around ... and the motor is harder to stall when the clutch is let out just off idle ...
Less weight on the crank is better for racing thru the gears ... but less weight also doesn't dampen crank flex and harmonic vibrations as well ...
Cars , trucks , earth moving equipment etc all have the clutch or torque converter on the crank ...
Super stock drag racers actually fitted a heavier than stock steel flywheel ... as a result the cars wheelstood off the line instead of bogging ... The inertia of the heavier flywheel also allowed the engine to handle the jump of wide ratio manual gears ...
Crank weight also helps maintain full traction ...