Only runs 40 Degrees advanced

Slow down there partner.
I did read your post and it left the impression that it was OK to keep running the balancer that is now junk. Sorry but IMO that ain't right.
There is only one place where that balancer belongs and that's in the scrap barrel.
Engines are $ expensive a new balancer is relatively cheap in the overall picture.

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.