Hi, I'm late arriving to this thread, but I'd like to try to help. I've been running a Huasheng+4G from B-E for over 3 years and have encountered a number of odd throttle problems over the 8K miles my beloved motorized bicycle has accumulated.
The stock carb can be a notorious buzzkill. It gets clogged very easily and can very well have bunk internals. My own Huasheng is on it's 3rd carb, and I've rebuilt all 3 a dozen times total. My first carb worked for ~ 100 miles and then never worked properly again. My second carb worked for another 1K miles, was rebuilt, worked for another 500, and then went to heck. My current carb worked for 2K miles, went to heck, I rebuilt it, it went to heck in a couple days, I rebuilt it and took some advice from an old-school-minded friend of mine: run a little bit of Lucas or Marvel Mystery Oil in the gas. The idea being that California's fuel wreaks havoc on carburetors and an upper cylinder lubricant is a good thing for these lil engines anyway. He also said he thinks a slight bit of oil in the fuel will help prevent the tiny passages in the carb get clogged as well. I think he's onto something. I've not had a problem since.
Aside from all that, have you tried adjusting the valves? These Huashengs are like the old air-cooled VW engines - you really need to keep an eye on the valve settings for optimum performance. They are almost always off from the factory and they _will_ change over time even if you do set them correctly. Valve adjustment plays a huge role in how these little 49cc engines run!
I'm not inclined to believe you need to change flywheel. These engines are really quite simple: as long as the gap on flywheel magnet is set correctly (~0.016") you shouldn't need to remove the dang flywheel. Any performance problem is almost always one of 2 things: the finicky carburetor (including mix setting) or the valve adjustment.
Link to proper valve adjustment procedure is in my sig. It's very easy to do, and IMHO, should be done first if you haven't already.
Please get back to us so we may assist you further in your MaBing endeavor!