Wheel2XInput is described as 'Designed for mapping DirectInput, XInput controllers, and a keyboard to Virtual XInput controller' and is an app in the gaming software category. There are four alternatives to Wheel2XInput for Windows, Web-based, Playstation and Xbox. The best Wheel2XInput alternative is X360ce, which is both free and Open Source. Other great apps like Wheel2XInput are XOutput, CronusMAX PLUS and Durazno.
XBOX 360 Controller emulator is a wrapper library that translates the XInput calls to DirectInput calls, to support non-XInput game pads in applications (mostly games). In other words: It let's you use game pads other than just the XBOX 360 controller with games that...
If you have an older or not supported game controller (gamepad, wheel, joystick, etc.), but Xbox 360 controllers are supported, you can use this software and enjoy gaming with your controller.
The CronusMAX PLUS is an award winning video game converter that allows you to use almost any controller on any console as well as the ability to load mods and scripts to supercharge your gaming.
Durazno is a XInput to XInput wrapper that allows basic customization when using XInput controllers, like re-mapping buttons or inverting analog-stick axes.
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Wheel2XInput uses way less CPU in than XOutput: XOutput - 0.2% + 32MB Wheel2XInput - (unable to measure, < 0.1%) + 9MB Both values seems negligible, but both are software designed to be run in background all the time, so these aggregate over time on your overall consumption.