One of the shops I was just at is using this balancer and I have heard of its use from several shops. They said it works very well and it's accurate.
I was told you should get the longer shaft. Quality bearings and a straight shaft will make all the difference.
You can use the 1/4 oz. stick on weights. Clean the wheel where the weights will stick 3 times with lacquer thinner. They won't come off. Spread the weights out on each side of the wheel. For instance put 3 weights on one side and 3 on the other or whatever the combination is. I was told 1.25 to 2 oz seems to be a normal amount of weight per wheel. The aluminum wheels are well balanced, but tubes and tires are not.
http://www.marcparnes.com/Universal_...l_Balancer.htm
Difference between Harbor Freight product.
https://www.youtube.com/watch?v=zU96Yu3Tzts
p.s.
Balance all your wheels and not just the mains. Balancing the front wheel can make a lot of vibration in the front end go away on any plane.
Hope this helps.