NO in short, this is due to the effect of the different size of the pulleys, ie they are much much smaller in diametre, if they were the same diametre as the flywheel then would be the same, but take so much less power to drive as the weight is a lot closer.
Think of being on a roundabout as a kid your mates spinning it as fast as they can to make you fly off, get in the centre no probs, try hanging on from the very outside edge much more effect the spin has on you.
tabetha