You will get a lot of variation in answers here. Ranging from-Balancing is useless, not needed, does no good... to-Always balance, a nail is all you need, the cones are fine, etc... and of course the expensive choice as you have seen.
To each their own. I have a balancer from Mag Matic, they also have factory blemishes on sale occasionally. Though not that much cheaper. I think Oregon makes a version and maybe a Chinese knockoff also is out there similar.
All I can say is the mag matic is very sensitive, probably overkill and not needed. But I love mine!! Buy once, cry once... how often are you going to use it and will it make your life easier.... those are things only you will know the answer to for you.
Has/does it save me parts.... no idea. I am sure it does do something for the longevity of spindles. How much I cannot tell you. I don't even know how one can judge such a thing without years and years of use with and without one on the same mower. Some will tell you that this balancing stuff goes out the window as soon as you hit anything. This is possibly true. But there is a big difference in my used, well seasoned blades I use now and brand new Oregon blades or even SCAG... for one... I have yet to see an Oregon blade, scag blade or a XHT blade be balanced from the factory. They have all be HORRIBLE, way off. So it may help to keep me from grinding too much off when I might have otherwise.