have yet to balance a three blade prop, but it should not be much diffrent that the two blade prop to balance. I consider my props balanced when they will stay at any position I put the prop in and not move.
I also use the magnetic balancer from Great Planes. I polished my magnets on 6000 grit sandpaper and I polished one end of the balance shaft. That is the end I allow to contact the magnet. I also tried to balance the centering cones, that got a little touchy.
Also, the finger balancer will work on the magnetic stand also. Drill out the holes in one end of the base, so the rods can be slide thru to make the small balancer fit between the magnets.
I use the small finger type balancer on a propeller, and the longer balance rod and cone for spinners.
hope this helps, happy balancing
Greg