Is it possible to produce a Flag-tagged catalytic domain of a murine enzyme in insect cells using a plasmid-based system? does it affect the functionality of the final enzyme?
I see no reason why you can't! I have in the past transfected MBP fused to an enzyme (mouse), His fused an enzyme (mouse) and untagged mouse enzyme (75 kDa) in insect cells (S2) with a yield of 18-24 mg/mL from 1-2 L ExpressFive media.
However, yield of protein can vary from one protein to another.
Try a trial expression and perform western blotting to confirm expression before scaling up for large expression - depends on how much protein you need for characterisation etc.