I balanced mine per the instructions... it flies fine. Keep the throws per the manual... too much elevator will cause it to snap even if it is nose heavy... I tried just to see. I added an OS 70 FS and did not need any balast to balance. I do have higher aileron throws with differential added to keep it smooth and it flies great.
A friend of mine used an OS 52 FS and he had to add 10oz to the motor mount to balance with the battery just behind the firewall. I have video and photos:
http://www.webmasterphoto.com/geebee.
I just finished my Great Planes GB two weeks ago an it crashed on the 1st flight... not sure why... search for the Great Planes Gee Bee thread and you can read about it.
John