Sometimes explaining in different ways helps understanding, so I'll chime in.
Static imbalance amounts to adding an off-center weight to a balanced disk.
- The amount of the imbalance is the weight times its offset.
- ANY added weights whose combination of weight, offset, and offset angle adds up to canceling out the imbalance will give you dynamic balance.
This can be
- an equal weight directly opposite,
- a heavier weight directly opposite and closer in,
- a lighter weight directly opposite and colser out,
- two equal weights, either side of directly opposite,
- unequal weights at various angles and distances from the center that add up right,
and so on. As long as the vector sum of the weight * offset of all of them adds to zero, you get static balance.
Since a heavy weight close to the axis is equivalanet to a light one far from the axis, you can cancel out a static balance with weights at any distance from the axis that is handy.
Static balance can be checked by spinning the mill on a horizontal axis and seeing if it stops in a preferred position. Or by supporting it on a point at the center (i.e. a nailhead) with a bubble level on top of it and seeing if it levels.)
One hack with balancing wheels is to add TWO weights, summing to more than the amount needed to achieve balance, at the point opposite the heavy side, them move them apart equally until balance is achieved. They act like one weight of twice their individual weights, centered between them. As they are moved apart this combined weight stays between them, which means it stays at the same angle but gradually moves toward the axis. A large movement of BOTH the weights produces a small movement of the combined weight - at least at first - so very fine tuning is easily achieved. This can be approximated by adding bolts at the "best" stud until you've overcompensated, then moving pairs of them to the adjacent studs to fine tune.
Another, used in fan blades, is to put weights on the blades and move them in and out to tune them. First you find the blade where the weight minimizes vibration and move it in and out until you've gotten the best balance you can. Then you do the same on another blade at a different angle. If the two blades are at right angles you get balance right away. If they're at some other angle they'll interact a little bit, so you need to go back and forth a couple times to fine tune. But it converges quickly. This can be approximated by putting a bolt on first one, then another, blade and sliding them in-and-out. Once you've achieved balance, measure the distance from the axis to the hub and from the axis to the studs. Multiply the weight of each bolt by the ratio and add that much weight in bolts and washers to the appropriate stud.
Wind turbines have long, relatively thin, blades. So a very slight error in angle from exactly equal angular spacing can create an imbalance. Accordingly, a very slight adjustment in angle, if the mounting allows for it, can achieve balance. (You really want your mount solid, so the angles don't change in service and unbalance the turbine. So balancing by tweaking blade angle is probably out - especially since it would unbalance the thrust on the turbine. But angle is something to pay close attention to when assembling the blades - especially if tearing down and reassambling the mill - to avoid creating imbalance.)
If you have to add a significant amount of weight to the hub to balance things, you want to add half of it to the front and the other half to the back, to avoid creating a dynamic imbalance.
- - -
Dynamic imbalance amounts to adding two, equal and opposite, off-center weights to a balanced disk, at different distances along the axis. It also amounts to tilting the disk from being at right angles to the axis. (As the disk spins, it tries to spin on its own axis - pushing to get to right angles with the line between the bearings. This makes the actual shaft want to move in a cone around the line between the bearings rather than spin nicely on its axis, creating a rotating outward force on each bearing - but only when the mill is spinning.)
Because the mill is effectively a very THIN disk, with a lot of weight far from the hub, getting the tips of all three blades to be the same distance in the along-axis direction virtually assures good dynamic balance. It's easy to measure once the blades are mounted.
The blades are thin, so trying to compensate for dynamic imbalance by putting weights on the front and back of them is impractical. (Also: They flex. So adding along-axis weights would make them bend and goof up what you are trying to do.) The only place to compensate with weights is at the hub - and you can only compensate a little there. Fortunately you probably will not have to do this if your blades aren't tilted, and if you do it will only be a little you'll have to compensate for.
With dynamic balance you need to spin thing to figure out what's up. And without fancy sensing equipment and a computer it's tough to work out where to put them by measurement. Fortunately it's easy to estimate the AMOUNT of imbalance and cancel it by trial and error.
If you've got a dynamic imbalance, put a pair of bolts on studs on opposite sides of the hub and on studs on opposite sides of the axis. Keep changing studs until you find the pair that gives you minimum vibration. Then add or subtract weight to reduce vibration further. If you go through a non-zero minimum set your weights for the minimum, then start the hunt for angle over with another pair of bolts and tune for minimum again. Two passes should do the job.
If you have an odd number of studs, put two bolts on a stud on one side and one bolt each on the two most-opposite on the other. (This will give you a slight static imbalance, so you may need to retweak that if you end up adding a lot of compensation for dynamic.)
If you have long studs, you can fine-tune the amount of dynamic balance compensation by moving the nuts along the studs. Farther out, more compensation. (Using pairs of nuts as "jam nuts" will keep them from moving once they're installed.)
I hope that long-winded exposition is helpful rather than just redundand with what was already posted.