If I'm following your post correctly, you haven't purchased the predator yet. If that's the case, Don't buy anything until you have the engine. You might not have a choice of hemi vs non hemi. I have bought predators from 2 different HF stores, as well as on line. ( During the pandemic, no-one had them in stock.) I have never even seen a 212 hemi. Might not be the case where you live. Get the engine first.
Also, you are kind of getting ahead of yourself. Run the thing bone stock. Then upgrade to the stage one scenario ( pipe, filter, jet and gov delete.) This way you will get a feel for your improvements. If after that you want to take it farther than I would suggest the kit that also includes the upgraded cam shaft. If you're not going to spin the engine up into higher rpm range ( where the added power will be) there is no point in the billet rod and flywheel. You put them in so that you
CAN SAFELY operate the engine in a rpm range it was never intended to see.
When you do the stage one you must rejet the carb. The stock jet is .028" or .029". You will need a .036" jet. Unless you're at a very high elevation. Otherwise the engine will be very lean as it's going to injest more air, and requires more fuel. You will see a very good seat of the pants improvement with the stage one. Somewhere between 1&1/2 to 2&1/2 h.p. The very first modification I ever did to my Grandkids kart (our first one) took it from a governed top speed of 22 mph
to 34 mph. The smile on his face got ME hooked on building these things.