You could use the ceiling fan balancing trick, which involves a number of trials:
- Mount it in a holder that lets it wiggle around a bit. (Like suspend it from the ceiling.)
- Motor it up to a low ceiling-fan speed. (Easy when it's a DC motor design. B-) )
- Observe the vibration, then let it stop.
- Clip a weight onto a blade near the hub, spin it up, and observe it again. (Try a spring clothespin.)
- Move the weight from blade to blade at the same radius until you get the least vibration.
- Move the weight in and out along the blade until you get the least vibration.
- Put a permanent weight on that blade (with the same product of weight and distance from the hub as the trial weight had, i.e. add heavy bolts and washers to the hub studs to be equivalent to the farther-out lighter clothespin).
- Then do the whole series a second time to find another location, on another blade, for a second weight.
- Do a final check to see if you got it dead on with the second weight.
With four blades this converges immediately: The first weight gets the major imbalance and the second one gets the remaining imbalance at right angles to it. With three blades the two weights aren't at right angles so they interact a bit and it doesn't always converge completely in two steps. (And you may find you'll do better by skipping the first permanent weight substitution, continuing with two clothespins until you get it balanced, then doing both weights at once.)
This works amazingly well.
You could probably do the same by skipping the clothespin and using a nut on one stud after another, followed by stacking nuts and washers on the "best" stud (and maybe some smaller ones/stacks on opposing studs if a single nut is too much), rather than moving a clothespin around then in-and-out.