Hi All,
As a bike mechanic my take on this is:
Modern tyres are very uniform now days, so the actual tyre has less of a 'heavy spot' which leads to less weight being needed. So good that Avon for example don't bother putting a valve hole alignment mark/dot on their tyres anymore.
I still balance front and back tyres.
I heard tests showed that 60grams of mis-balance is acceptable...but I ignore this and try to get down to +/- 5 grams.
Front tyres have more effect on stability than rear tyres.
In Summary If you balance both wheels your bike will be safer and your tyres will wear more uniformly as you avoid cyclic wear at the heavy spot (the tyre gets forced into the road at that point with every revolution).