I'm not sure if anyone tried it, since service manuals for alloy blocks suggests, that removing crankshaft leads to crankshaft bearing seat deformation. Also, VW didn't make alloy EA111 1.6 until introduction of FSI with modified block, so I'm not sure, if 16V block is strong enough for high power mods.
Looking into manual of 6K Seat Cordoba, it seems that difference between alloy 16V 1.4 and iron 8V 1.6 is 13kg. I'm not sure how exact it is.
If you wanted to try it, you need to know that there are actually two variants of EA111 blocks - one for 6k Ibiza/Cordoba, 6N/6N2 Polo and Lupo , with mounting pattern for 085 gearbox. These should fit to Felicia gearbox plate. Fabia, newer Polos, MK4 golfs (and 6 speed Lupo GTI) and other newer models have 02T gearbox with different pattern, but engine code is same.