I have had both, at the same time in the car. the driveshaft makes quite a difference, but not as much as the flywheel. the car seemed to have trouble idling, and I had to bump my target idle up in the computer to keep it running at stoplights. sometimes it would just randomly die. mind you, this is on a H/C/I car, a stock car may or may not have the same issues. also, make sure your clutch is a nice smooth one if you go with an aluminum flywheel, the reduced mass will amplify any chatter issues.
Acceleration was increased quite a bit, but taking off from a stoplight was kinda iffy, it would buck sometimes. rev matching into the next gear was super easy, and it was easier to get off the line at the strip, less wheel spin, it seemed. I quit breaking transmissions with the aluminum flywheel as well. I really liked it for road racing, which is what I think aluminum flywheels are for, because the car would pull really hard out of corners, and it was super easy to shift and rev match.