This is a review of a brand new 131g StarLite Wraith. The Star Lite plastic is fairly flexible and loose when new, so I'm not envisioning a big change as this beats in (similar to other Star discs I've tried). I can throw a bit over 300' on a windless flat field, just to give you an idea. I throw right-hand backhand. Didn't try the flick.
In short, this disc is insanely understable. When thrown flat and fast (once), it went hard right, flipped up on edge, and turned into a roller within 100' or so. When thrown extremely hyzer, it will flip up to flat and will drift a bit to the right before entering its fade. When thrown with just moderate hyzer, it drifted a good ways to the right, but stayed more or less level (i.e.: didn't turn into a roller) and faded back a bit. This flies much more understable than a full-weight Wraith, which can have some high speed turn, but this StarLite disc is actually going to fight you to the right.
That said, it is true to the strong fade characteristics of a Wraith. You just have to keep it in the air and from turning into a throller to get it to fade, so you'll need some vertical space for this to work. I think with more practice, this can be a useful disc, but I'll have to carefully dial in the amount of hyzer to get this just right. Because it's so light, the wind can really change it's flight, too. It didn't seem like it went much further than my other discs, so I guess it's kind of a one-trick-pony when I need something very flippy (I'm not a strong forehand player).
For what it's worth, I bought this when I went to the disc store looking for Opto Air Bolt (150-159g) to replace one that I lost. That has similar characteristics, but slightly more stable and a bit less fade. I've since replaced my Opto Air Bolt and this StarLite Wraith is in a box somewhere. I think the StarLite Wraith has potential, but it feels a bit unpredictable to me, and maybe a bit unforgiving if I don't get it right. I'll update this if I change my mind if/as I work on it, but until then, I'll use my Opto Air Bolt...