I think the advantages outweigh the disadvantages to using this mod.
Advantages
+ Cheap to construct
+ No power required
+ Tiers to match with the belts
+ Putting them side-by-side will cause them to work together
Disadvantages
- Doesn't work with chutes and loaders, requires a section of belt between the two
- Doesn't work with curved belts, needs a straight section connected to it.
- No visual difference between tiers, this will get confusing quickly.
- The Belt Balancer device looks out of place in the game, the color and visual doesn't really match.
I really wish @asdff45 would adres the issues above and update the mod, or allow a more active developer to continue building on it.
Edit: Recently this mod has caused my game performance to tank, getting barely 25fps. I did use this mod intensively because of its benefits, but once you have more than 5k balancers on your map, performance will drop noticeably.