Nice to see written instructions for that method, but it won't work as written on a strongly cross coupled system.
Minimising the number of runs requires you to extract the maximum amount of information from each run. This means that in practice your choice of trial weight is reasonably significant, and that you have to know the absolute phase (relative to the driveshaft) and magnitude of both measurements and the trial weights. Speed and temperature control should also be considered.
Here's how to 2 plane balance a driveline, as done 60 times per hour in an assembly plant not far from where I sit, electronically.
2 measurement planes A, B, 2 correction planes a b
1) measure initial unbalance A1, B1 (all vectors, obviously)(if it passes let it go)
2) estimate optimal trial unbalance from old data
3) add trial weight to a
4) measure A2 B2 (if it passes let it go)
5) (optionally remove trial weight from a and) add trial weight to b
6) measure A3 B3 (if it passes let it go)
Now you can work out the actual initial unbalance and all the cross coupling effects, as discussed in your mechanics book.
7) (optionally remove trial weight from b and) add final weights
8) measure A4 and B4. repeat ad infinitum
That's your 4 runs. I strongly suggest removing the trial weight each time, but in theory it is not essential.
The book you need is William Thomson's vibration book, although B&K or many other companies will also have the details. Roughly speaking you are solving the vector equations
A=a*ivAa+b*ivAb
B=b*ivBb+a*ivBa
where iv is an influence vector, and by reciprocity ivBa=ivAb
a is the actual unbalance at that plane, ie the vector sum of the initial unbalance and any trial weights.
Typically cross coupling varies from 3% to 35% on vehicle drivelines. Cheers
Greg Locock