tightwad here contemplating resurfacing my old VW flywheel using an old wood router with an (say, roughly intake valve shaped, steel-shanked) grindstone in the router collet. a plywood 'rig' would hold flywheel above, 'loose', but have wood 'edge guides' attached to plywood so I'd not be able to move the flywheel outside the 'clutch contact' area needing resurfacing. obviously, any 'feed' setting change (depth of cut) would need to be cautiously set...
I'd set the router carefully to height, router fastened below, and height setting would be locked securely in place, flywheel 'slightly moveable' above. alternately, considering mounting router to large steel flatbar, 3/8 x 6" wide, and using it 'in the conventional manner', from above ;-)
or maybe use a similar jig, this one drill-press mounted, with a same shaped grindstone above in the chuck, "milling machine style". process could 'take a little while' but that's OK. goal is to save money, and hopefully yield a 'semi-presentable' result :-). in a worst case scenario, I'd have to get another used flywheel, which'd cost less than a flywheel resurfacing job at the local shops...
similar 'wild-eyed ideas' that've proved successful for you 'at home in your spare time' for resurfacing flywheels (or similar items) definitely invited :-).