Yes sir! You are correct if you are using the static balance method. Just to be clear, there is nothing wrong with that method, but it does have limitations compared to a computer balancer that can sense imbalance front to back. Which is just as important and can still cause an engine to vibrate or shimmy if it isn't corrected. Just like it isn't balanced at all. Great for tires and wheels and other things that have a single plane of rotation like flywheels/flexplate and harmonic balancers and even propellers, but not so much crankshafts with multiple planes in them.