The nut is1 1/8", try a deep socket 1/2" drive. If the balancer turns, how are you going to hold the crank still while you are loosening the nut? I used a a pair of Vicegrips on the balancer and rotated it against the oil pump housing to hold it still. You may be able to remove the flywheel cover and hold the flywheel still in the same fashion. Hope this helps
Eric