I did see the balancer. Kinda like the prop balancer I use now. Never though to try a flywheel with it. There is a Clausing mill on Ebay now. By the time you get one tooled up, tooling can be expensive as it is dated. You can sometimes find a good Bridgeport out there for the taking for about the same money. BP uses standard R-8 tooling which is plentiful and cheap. Thats what I did. There is a guy in your area, well Detroit anyway by the name of Dick Triemstra who sells used machine tools. He works with a guy who repairs and sells Bridgeports too. Try
www.lostcreekmachine.com also. By the way I have found machinery etc. to get cheaper as the weather warms up. Must be that people look for more machinery in the winter as it is inside work.