Kinetic energy is based on mass and velocity. In regards to a flywheel, one that is heavier or spinning faster will have more kinetic energy. Since the engine is the source of power, then flywheel velocity (and engine RPM) are dependent on the mass of the flywheel.
In the case of a larger and heavier flywheel, it does not need to spin as fast as a lighter flywheel to have the same amount of energy. Alternatively, a heavier flywheel would require more energy input to accelerate it. Due to the effect of inertia, flywheels are designed to modulate and maintain RPM and therefore are resistant to change.
Applying this to a Challenger, a heavier flywheel will be more difficult to accelerate, but once at speed will be more resistant to slowing down. For example, the stock flywheel on a 2017 Challenger with a Tremec TR-6060 weighs 30 pounds. To accelerate, more throttle input will be required before a change is seen in engine RPM (remember, the flywheel is directly connected to the crankshaft, thus the flywheel is always turning at the same speed as the engine). When changing gears, however, note the absence of a big drop in RPM when the clutch is disengaged. This is due to the mass of the flywheel attempting to maintain RPM.
If you were to equip your Challenger with a lighter flywheel, it would be easier to accelerate the flywheel for any given throttle input and therefore rev the engine quicker. Due to the lower mass, however, it will decelerate faster and be more difficult to get the vehicle moving.