I got the cheapo portable one from HF, and it's junk. If I had metal working tools I could fix it--it doesn't mate well to the base.
When I looked into it, skinny/tall tires do ok with bubble balancing. Wide/short, not so much. On any tire the imbalance can be anyplace; on a narrow tire putting the weight on the wrong side doesn't matter as much.
The stick-on weights from HF weren't all that great either. Probably worthwhile to buy a stack of crimp-on ones (amazon?) if serious.
Problem is, it's like $6 per to balance at Walmart (one time, have to ask, IIRC, YMMV). Or just part of the typical $20 mount/balance deal at a shop. Tires usually don't go out of balance, it's a one-time thing; and last time I did tires it was a real pain on my Toyota, so I likely won't do car tires again. Trailer tires, ok not an issue--but they don't seem to need balancing.