It's the idea was having too, glad to see it confirmed here.
I try to balance everything individually: each rotor plate, the bearing assembly (in my design this rotated too). Then assembling the rotors to the bearing assembly and rechecking the balance. Then when making blades, weighing each individually, making sure they're same weight. Mounting them on the prop-plate, balancing. Finally, assembling the genny + prop together and rechecking balance.
Judging from this, one might mistakenly conclude that I have a balanced personality 
BTW, Would you believe that I once tried explaining the difference between static & dynamic balance to a teacher (master's in Physics (nuclear), teacher of system dynamics in our school) and he didn't have a clue what I was going on about. Besides, I still have difficulty grasping the difference myself, but do know that static balance does NOT guarantee dynamic balance.
Peter,
The Netherlands.