The Unorthodox Racing pully for my Jetta weighs about 2.5lbs lighter than the stock pulley, with no balancer.
The one I purchased, from Nuspeed, does have the balancer, but still manages to lightweight the factory pully by just over a pound.
And as you stated, the performance claim to fame is the weight reduction on the crank, the 15% underdrive is just bonus. The Nuspeed advertised specs show about a 12HP increase, they attribute 8-9 of it to crank weight reduction, and 3-4 to the 15% underdrive.
I was just surprised to see the weight of the ST pulley to be less than the aftermarket ASPRacing part, but they are showing a power increase, and probably less vibration due to smaller diameter, so I am not going to nitpick.