Your right, the larger diameter wheel will take more force to spin than the smaller one, due to weight and the actual geometry the force is applied with.
However what Chet was saying is that the effect of additional weight that the engine has to rotate is minimal compared to the reduction of unsprung weight... or so it seems.
In all fairness I think we all can agree, the lighter you can get your choice set of wheels the better. The question of is 1lb. less per wheel really worth all the effort remains a question someone should ask themselves. Just how far do you want to go.
I'm getting 9.5" wide rears with a set of 275s... the main reason for getting that is because I want them (and they weigh 15.2 lbs. each

), not because it's gonna give me .253505935 seconds advantage on the race track.