A flexplate that can be bolted to ANY crank??? Unless it's got movable weight, I don't think I'd trust that statement...
AKAIK, the flexplate's on these trucks are specific and need to have a certain weight offset per engine designation. I've got a billet piece from SoCal for an LBZ and it's different from the LB7 and early LLY version, but the same as the late LLY and LMM ones.
SoCal does make a "neutrally balanced" flexplate for guys that are internally balancing the rotating assembly, FYI...
Also AKAIK, the cranks are interchangeable between all the engines up to the LML I don't think an LB7 crank can be used in an LML but I'm not sure...the LB7 crank is said to be stronger than the others, maybe due to the added mass or just because of the way it carries the added weight but it is heavier by I wanna say 14lbs or so as compared to an LBZ crank...
The balancer for the LB7 is something like 4.5lbs heavier than say an LBZ balancer too, so again I'm pretty sure they're specific to particular engines. I'm pretty sure the balancer and crankshaft's overall size/dimensions are the pretty much all the same tho. You'll definitely have to have your rotating assembly balanced to utilize the LB7 crank in an LBZ but you can do it.