I've played Factorio, but only launched the rocket once and I think have about 100 hours in it. I never bothered with belt balancing, and simply had many rows of belts traveling east, with splitters moving things to columns of assemblers which then go to another belt to the east.
As I expanded the factory to build new products, I'd play whack-a-mole with fixing bottle necks in materials. Heck, I never even used trains or any sort of drone.
Have I just never built a factory big enough to need balancing? What does it really accomplish versus just overproducing source materials and allowing the factory to back up a little?