Hi, all I'm not an engineering boffin but looking at it logically the closer the mass is to the centre of rotation the less centrifugal forces are produced. The whole situation is made more difficult due to all the bits attached to the crank. At the end of the day we are trying to balance the system to reduce as far as possible the out of balance forces. If you can throw some advise on this subject It would be appreciated as It looks like a black art to me especially with the difficulty in balancing the 126 internals. I found this on a How to build racing engines:crankshaft selection.
Ralph
For a fixed mass (rod, piston, and attending components), a heavy crankshaft absorbs more torque and accelerates less rapidly. More torque is required to overcome its inertia or resistance to acceleration. Lighter cranks are desirable for this reason, but they may trade away durability and performance if reduced structure results in greater crank deflection, reduced stability, and the resulting effects on durability, ring seal, and in some cases, event timing. The prob*lem intensifies with stroke length; hence efforts are made to concen*trate crankshaft mass closer to the crank axis to reduce the moment of inertia or resistance to change in acceleration.
Savvy machinists keep balance weight as close to the axis as possible. When removing weight for balanc*ing purposes, they try to take weight from as far out as possible without actually drilling into the outer face of the crank throws, which can exac*erbate windage problems at high engine speeds. Many cranks have the crankpins drilled. This is generally the most effective way to lighten a crankshaft unless you get into expen*sive counterweight machining. Drill*ing the crank pins removes weight at the farthest possible point from the center of the crank, thus reducing the rotating inertia.