<font color="blue"> Wow, I'm impressed. It's pretty rare to find someone that has the facilities to cast iron or steel parts at home. </font>
Rare yes, but unheard of, no.
Like anything else, if the tools/process is available, then using it is not all that difficult. I built a simple setup for sand casting aluminum that I melted in a home made furnace, a few years ago. I could have went a step further and built what is needed for melting brass or even cast iron/steel.
People do this at home. It is not rocket science. It can be dangerous. And it takes a special interest to make it happen. But people can and do do it at home.
That being said, if one were not into doing these things already, to consider casting something would be foolish, as the investment in time and effort to get set up to be able to do it would be so great as to make it impractical.
Like anything else, if you have the tools availble you tend to use them. Personally I would have no reason to doubt someone if they said they could cast something of aluminum/brass/cast iron/steel at home. Because I know it can be done.
A wooden pattern for something like a flywheel is a simple turning job on a lathe.
I don't think it would be a big deal at all, IF the equipment is already there waiting to be used...