It makes total sense! Reminds me of balancing the grinder wheels. Not sure how to get it to spin, though, as the belt provides resistance. Perhaps this involves a different head-stock center than what I'm using for spindle stock?
I have students do their first bowl from a band sawn disc hole drilled in the middle mounted on the screw in the chuck,
Already round and balanced. With minimal or no interrupted cuts students can concentrate on the bevel riding cuts.
Some turners use this method on almost all the bowls they ever turn.
If you don't care about lining up the grain beyond what you can do with the saw this is the method to stick with.
Once students get experience with the basic cuts, making a tenon, shaping and surface I move them to a between centers mount.
I try to cut the student blanks from symmetrical log sections and round them on the band saw so they will be close to in balance when put in the lathe.
Between centers the spur drive I drive into the center of the future opening of the bowl with a wooden mallet. I align the Spurs 45 degrees to the grain so they drive in evenly. This center can be moved but I plan on not doing so unless something bad shows up in the wood. The tail center side of the blank must have a fairly flat area of solid wood the the center to hold. I first balance for weight Gerald gave a great description.
I turn away the high spots only crudely working toward a bowl shape and leave an area about 3" in diameter where the chuck will be uncut so k can move the center and still have 2" of wood for my tenon. Once the blank is running somewhat smoothly I reposition the tail center to line up the grain. Lining up the grain is how to get the hyperbola grain patterns centered around the center of the bowl bottom. This is one element that sets a hand turned bowl apart from the masse produced bowls.
Once the center is repositioned to line up the grain, the lathe speed is turned down the bowl will again be unbalanced but not as much as when first mounted.
The shape a notion of the rim, a notion of the foot and tenon connect the foot to the rim with a pleasing curve.
I encourage you to get some experience with turning blanks as close to discs as possible. It you have a big band saw this is easy.
With a chain saw I cut two parallel faces for the top and bottom maybe 5" thick. Find the center of the opening - center of the log works best for the grain.
Make a 10" circle and a 11.5" circle. With the chain saw cut all the bigger circle away and leave all the small circle. This is usually easier cutting opposite sides which become opposite corners off.
I mount almost all my bowls and hollow forms between centers. I pick my center point with a lot of thought because it will determine how I can show the grains.
Have fun
Work safely
Al