Thanks Aaron. It's cast and I'm familiar with the weld repair problems. It just won't be worth it because of the danger of it failing, or just plain warping the flywheel and creating a new problem.
I think eventually I'll have to buy another flywheel. We've been importing custom machined parts, 12VDC wire harnesses, and hydraulics for many years from China so my first step is to see if it makes sense to just import another flywheel or to import a couple of chippers and sell one, while keeping the other one for myself. By starting over with another one, I can keep the existing one for spare parts but I already have spare bearings, gearbox, in-feed roller, etc.