The center line of the sprocket is really really close to lining up with the stock wheel. I measured the wheel's center line vs the MZ and it is close enough to be within the error of my measuring methods. In test mounting it and looking at the chain, I made the spacers to move the wheel 1mm towards the chain side to have better alignment. Wasn't bad before by any means, but is near perfect now. If someone has a better methodology for ensuring it is a perfect chainline I am down for learning; this is my first real motorcycle project that involves custom stuff, not just bolting on things that other people figured out.
The weight savings should be nice. Modern casting techniques have come such a long way from the 90s. Even the cheaper bikes like the Ninja 400 have become crazy light.