I have the TA Balancer. But many ways it can be done. Even with a spare rear hub, knuckle and stub axel, wheels can be balanced.
I even use an old Dubro Prop balancer for my smaller on road wheels.
Mounting the wheels properly and Centrically is what matters, no matter what you use. I use non-hardening Hobby clay from Michaels Craft store. By the pound, clay is very cheap. Clean the wheels well and the clay will stick well enough. I don't run in the wet so its not an issue for me. Clay stays put.