What and how much experience have any of you had with tire balancing?
Personally, I have never balanced a wheel and tire in my life. What I have done, as a physics student 35 to 40 years ago, is take undergraduate and graduate courses in the subject of mechanics which describes how solid bodies respond to applied forces. One example of this is how an out-of-balance wheel and tire behave when rotated and what must be done to bring them into balance.
the bubble never lies and if one knows how to separate the lead things will be fine
By “separate the lead”, I assume you mean how to divide up the correcting weight between the inside and outside. A bubble balancer is incapable of telling you how to do that. (That’s what I meant in the second paragraph of my 3:01 pm post.) Dynamic balancing is a three-dimensional problem. A bubble balancer can only give you two dimensions of the solution. It takes a dynamic balancer to get all three.
Do you think that if a computer balancer gives a reading of (example here) 1.25 ounces on the outside and 1.5 ounces on the inside that those figures are dead-on-the-money with no variation? Do you think if you tack on a 1.25 on one side and a 1.5 on the other, everything is then Nirvana?
If the balancer is malfunctioning or the operator is incompetent, you will get a bad result. However, in order to get a good balance, someone or something must answer three questions correctly – how much weight, where around the rim and which side. The complete solution may require a different weight on each side and they may not be next to each other.