Is HKS 700E Engine a decent light weight 4 cycle Rotax alternative?

http://www.hks-power.co.jp/hks_aviation/products/700e/index.html
Does anyone have any comments about the Japanese HKS 700E engine? They are really light weight, 4 cycle engines, 60 HP, and weigh less than a Rotax 912. The HKS 700 Turbo version by the way has been discontinued.
There are situations where even a 912 weighs too much, and a person would like to avoid a 2 cycle if possible. Case in point, the recently announced single seater Merlin PSA model from a company called Aeromarine-LSA. This all metal single seat “mini-Cessna 150” has a gross weight of about 715 pounds. It come in Taildragger and Amphib versions as well. One power option is a 2 cycle Rotax 582. Also mentioned are a future Pegasus 0-100 60HP 4 cycle engine, and an electric motor option. Since the last two are not currently widely available or proven, the discussion focuses on other 4 cycle alternatives. Chip Erwin, whose company sells the Merlin PSA, has told me the Rotax 912 is too heavy re weight and balance for the single seat Merlin.
http://aeromarine-lsa.com/merlin-psa/

Again, enter the HKS 700E engine. 60 HP, 2 ¼ gallons per hour, 11.3:1 compression.
Estimated installed weight for various engines:
Rotax 582: 64 HP 110 pounds**, 2 cycle
Add:
• Oil Tank = 4.375 lbs
• Oil (5 pint) = 6 lbs
• Coolant, (.75 gal) = 4.4 lbs
• Coolant Lines = 3 lb est
Total 125.775 Lbs
Rotax 912: 80 HP 132 pounds+ ~ 20 lbs more, 4 cycle Total ca. 140-150 lbs
HKS 700E: 60 HP 108 pounds** 4 cycle
Add:
• Exhaust System = 6 lbs
• Oil Cooler and Tank = 5.25 lbs
• Oil = 7 lb
Total 126.25lbs
715 lb Merlin PSA with a 60 HP HKS 700E engine gives 11.9 lbs/HP which is not too shabby.
