Being bone idle; the thought came to me of buying a coupling with a 10 mm bore, and bushing one side down to 8 mm (Might mean opening up that half to 12 mm, and bushing down from 12 mm to 8mm to get a reasonable wll thickness, with added Loctite for security.
The flywheel could be counterbored to fit as Jason suggests, and with a suitable slot on one side used for a cord for starting.
Foe maximum flywheel effect, the OD of the flywheel should be as large as possible (As long as you do exceed the maximum permissible overhung load ( To avoid crankshaft breakage due to fatigue – I’ve known it happen, at least twice!)
Howard