flywheel mass does not change power output.
Early big valve black top heads such as black top VTR, 106 1.4 XSI, AX GTI, 106 1.6 Rallye and such like are all basically the same head. There are a few small differences over the years but practically speaking there all the same valves, rockers and casting.
The early silver top heads use a combustion chamber that is missing some of the ally out of it. They also came with roller rockers and a few other variants. They tend to be the least desirable for tuning if your talking stock hatch style tuning. If your making a stock hatch your normally best with the early black top 106 or the latest saxo with the 0-0-0-0 head spacing.
If its a road car it does not really matter what one you start with as you can always change things.