Quick flywheel question

I know on a stock 5.0 there is a 50 oz balancer, but now I need to know which way to put it on! I dont want to put the flywheel and it be all out of balance. the only kinda marker I see is a extra hole on the back of the crank. Do I put the extra weight on that side?
 
I'm pretty sure the torque spec calls for 75-85 lb ft. I've never used any loctite on the bolts though. I would use it on the driveshaft bolts though. I lost a couple bolts once (faulty torque wrench), and I was worried sick that I screwed something up.