I was told that Busa's have a balancer on the crank that can be removed and free up some extra ponies to the rear wheel. If so, what do i need to do?
It can be removed and will free up some ponies. But you must send the crank out to be balanced. I would also have them remove the gear from the crank. then you can leave the balancer gear on its shaft but it wont be driven. If you remove the gear you gotta plug the oil hole or oil pressure will be lowered and you may fudge a bearing
If you don't send out the crank for balancing it is too buzzy. some say they don't notice it, but on mine it rattled bolts loose.
Engine damage will occur...forget about trying that. As above.