Only runs 40 Degrees advanced

Once agin your putting words in my mouth.
The point I'm making is Even with a slipped balancer the engine could still run in a balanced condtion. Not that the balancer is junk which it is. Personally I would bust it with a hammer then scrap it.
I am not going to get in a pissing match.
The OP needs to replace the damper/balancer.
Again, IMO he has other issues, the balancer is just one.