Procrustes
IMHO,
if you have thermosyphon, why do you want a pump? so you have something to leak and repair? And you need a chain drive to oil and replace, fer shure.
Splash worked on my '53 Chevy, on the Lister for 50+years, and it still works on my Tecumsah 3600rpm rototiller. BTW, I have an oil pump on my PS 6/1 and don't need it, so I might rig up a toilet paper filter to give it something to do to justify the power it consumes.
Balance, yes. I preferr not to have crank weights as I got big paws and I get them tangled up in weights. The whole assembly, crank and flywheels can and should be balanced as a unit when made in India. If you have a weighted crank and balanced to racing specs, you gonna hava hopper if the wheels are out of wack. The wheels can be balanced to do the whole thing.
Case 850B engine, VW Rabbit diesel, are a few of the modern engines that do not weight the crank. VW used weight on the flywheel and Case went to counter-rotating weights on a separate shaft.
My personal choice is not to have a aluminum piston, as the GM 90. For slow burning fuel, as WVO, a pre-combustion system is better and a cast iron piston expands at the rate of the block. Aluminum expands at 2.5 times the rate of iron, so you have to have a slop fit til it gets warm. The other important thing is cooling the aluminum piston. All diesel engines with alloy pistons have oil jets to cool the underside of the piston. Aluminum melts at 1200 degreesF and exhaust gas temp in a modern engine under load can easily exceed 1200 on the pyrometer. I has seen this many times.
Anywhay, thats my 2 cents worth.
Gerry