I wish I had a dig pic of a balanced unit. Here's a review of what is done by a good turbo shop:
Obviously, they dip the parts and clean the hell out of them. They then assemble the shaft, turbine and compressor wheels. It is then balanced as a unit which is the important part.
They remove material from the locking nut to balance it. Think about this, the amount of material they remove is less than the size of a pea and is at the center of the rotating assembly. The assembly is marked, retested for trueness, and disassembled. When reassembling the unit in the CRHA, the orientation of the turbine, compressor and shaft are the same as when it was balanced because it was marked and reassembled in the same way.
I won't even install fresh factory turbos in my car any more. They all get disassembled by Turbo Specialties (turborepair.com) and balanced. The $160 it costs me is worth it considering the turbo costs about $1200.
Is the Holset any different? I know that the Hoslet doesn't see EGTs like I get in the car (1850F). I also know that the wheels in the Holset are bigger than in the car. That being said, there is more of a chance for an unbalanced wheel because rotating mass is farther from the center of the shaft.
I assume that Holset balances the turbos at the factory. If that is so and you are going to still do this yourself, please ensure that you orient the shaft and wheels in the same way as when you disassembled them. Use some paint or a sharp point to mark the end of the shaft. Do not mark the shaft (bad idea, don't ask how I know).
Mike O.