The flywheel MMC use is very light, from memory only about 7 lbs. I would suspect the MX5 flywheel would be easily 3 times heavier thus killing the acceleration as so much more mass would take longer to spin up.
Dab, here's a quick search for a complete setup for a Miata.
eBay Link To Above KitThis one has a 11.5# flywheel and a 12" disc for clutch. It's cheap, but it just shows that there are some other options "IF" the Miata setup will fit. The M3W uses a Miata starter and std bell housing, AND the bolt pattern is the same.
There are many other options for both flywheel and clutches listed on eBay.