i used the crap out of mine the other day, i was removeing 3 large silver maples over a major highway, i only had 1 day to finish all three trees because the job was 2 1/2 hours away from my house, i went as big as possible and often needed to balance multiple leads at once as well as use a tag line to pull the rigged sections away from the highway.
i dont use mine often, but when i do use it im glad i own it, well worth the couple bucks i spent.
like arbor101 said, its all about sliding the rope up and down to make sure there is even presure on both lines, you can also use a half hitch to shorten the balancer if needed