An easier way to understand weight, balance, and SW is this way. Say you had a 10.2 oz racket and you wanted to bring the weight up to 11.2 oz but keep the same balance. There are many ways to do that you could add 1 oz of weight at the balance point. Or you could add some weight above and below the balance point. As long as the product of the weight times the distance from the balance are the same on both sides of the balance point are the same the racket balance will remain unchanged. For instance, adding 0.5 oz above and below the balance point at the same distance maintains balance.
Inertia (and SW) is a measure of how the weight is distributed. For every different placement of weight the inertia will change. How much it changes depends on the distance from the axis. The farther the weight is from the axis the higher the inertia.
As long as the SW, TW, weight, balance, and length are all the same the rackets will feel the same when you swing the rackets. If you want the rackets to feel the same when you hit the ball the strings, tension, racket stiffness, racket vibrations, and placement of lead between the ends of the frame must be the same. I say this because if you're trying to match the Graphene and liquid metal Radicals there is always going to be some difference.