You'll have to explain that. Do you mean there's a centrifugal clutch / brake to limit the top speed?
You would need to explain this, too. You have asked an 'Engineering" question so you really need to be supplying "Engineering" facts if you want an answer to it.
Unfortunately, we (PF) don't know enough from what you have written. At the moment, the viability looks very questionable. Your system needs a Power Input and the flywheel can store Energy, later to be returned.
Torque is irrelevant, as I have already said, or at least it is unknowable.
I'm not sure what you mean by that but a 'typical' train of though delivers working systems. Anything else is unproven.