383 Internally balanced, will stock fly wheel work
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That depends too. If you are going to use the original clutch and the clutch/PP/flywheel are in good shape then sure. However if you are going to use a new clutch/PP then it is definitely worth the cost to get a new flywheel or at least get the one you have now resurfaced and rebalanced.
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Yea when I threw in my 383 I forgot about this until it was almost completely ready to fire. Luckily I remembered however had to pull the tranny. I had mine balanced locally here and I believe it cost me around $50