I got everything Back together and just wanted to let everyone know that the oils slinger was the culprit!
As i had already had one on, i installed the one i had and after 15 mins idling no squeal and no noise!
Just Wanted to give everyone what the problem was just in case they run into the same problem as i did!
And yes the Balancer was tight up against the crank as was suggested earlier.
Thanks to everyone for the input that was given to me,as i had never had or heard of this problem before!
The only thing i can think of was maybe this was an aftermarket Oil Slinger as all of the SB and BB used the same slinger.

I would show you the Video but it is a BORING 2 Minute video of just a motor running.