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There are a few things to be aware of when undertaking your search. Yes, the 302 is externally balanced, and there were two different imbalances used. All engines in the 90º-V family had a 28oz. imbalance up to 1981. At that time it was changed to 50oz. for the 302/5.0 but remained at 28oz. for the 351W/5.8 while keeping the same bolt pattern. So mixing the imbalance is not a good idea if you value your engine. The 300-6 used the same pattern as well but is a zero balance flywheel so it fits, but won't work balance-wise.
So, if your engine is pre-1981 you want a 28oz. imbalance, if '81 or newer you want 50oz.
There are several different diameters of flywheel as well. You need to count the number of teeth on the flywheel, the most common ones have a tooth count of 157 and 164. There was a smaller one, I think it was 147 that was used on the Mustang II with the 302. A bit rare as you can imagine. The bellhousing has to match the flywheel for size as well. If you use a 157-tooth flywheel in a bellhousing designed for a 164, the starter won't engage but will simply spin free. If the reverse, the Bendix will slam against the flywheel but not engage the teeth.
The number you give above identifies that flywheel as an '81, so it should be right on the changeover and should be 50oz. Make sure that it has a counterweight cast into the back for the imbalance. Here's a 50oz flywheel off of an '88 5.0:
Note the imbalance weight on the back. A 28oz. imbalance is about half that wide.
Now here's a pair of block plates side by side:
The one on the left is for that same 157 tooth '88 5.0 that the flywheel came off of. The one on the right is an older one for a 164-tooth flywheel belhousing.
Here's what they look like when they're overlayed and the block mounting bolt holes lined up:
You can clearly see the difference in the starter mounting location beteen the two.
Hope this all is of some little help to you. Please feel free to ask if you have any more questions.
NOTE: If anyone is having problems viewing the images due to slow loading, let me know and I'll change them to links.