As for whether or not "flywheel" is the best term, I think it's pretty good. Yes, real-life flywheels lose momentum due to friction, unless outside force is exerted. But the same is true with marketing flywheels, which is why all of them will have at least one step that requires the injection of outside energy, e.g. bringing in new customers.
Like I'd aid flywheels have always meant energy storage mechanisms that don't reach 100% efficiency.
Marketers know very well what network effects and economies of scale are, and the concept of a flywheel is distinct from either. You can have a flywheel without EoS or network effects, and you can have EoS or network effects without having a flywheel.
Also, it's somewhat pointless to debate what the "original" meaning of flywheel is. Language evolves and changes, and people from one field borrow terminology from others when creating helpful analogies. Terms like "funnel" and "flywheel" are hardly the first to receive such treatment, and they won't be the last.
Flywheel output less than the input is. Why would we use that word?