nkid275, ok so here is what you might consider. You used the water pump pully as a guide for the balancer install. You want to do it the other way around. If the balancer is not firmly against the crank gear, you run the risk of having the gear walk forward putting the cam timing events out of specification. That, and depending on how far out it may be (and it may not be out at all, you don't know at this point) you might have the crank gear far enough out that only a portion of the key is holding it in place and potentially having the key shear off, and otherwise to have the balancer to work itself on the crank snout ruining the balancer and potentially the crank snout. Not really what you want to have happen.
So, you have gone this far, go a little further just to be certain. Consider going back to your FLAPS and get the balancer install tool, install it, and make sure the balancer is installed snuggly, firmly, absolutely against the gear. If there is a misalignment after you do that with the water pump pully, make your adjustments at the water pump, not at the balancer.
