Trying to balance with a nail is as useless as not bothering at all
You can tell yourself that, or think it, or tell as many people as you want but it won't be true.
Balancing a 22 inch lawn mower blade on a nail hanging in the wall is more than accurate enough for this type of equipment!!!
These mowers are used in often quite poor conditions and abused and the blades are very neglected.
They tend to be quite forgiving.
It's rare to find a lawn mower or at least there's a high percentage of them where when you rotate the blade around and Mark a spot on the deck and then rotate it around 180° to check, they are not lined up anyways.
This is often dude to slightly bent blades and also due to vent or ideally more accurately twisted crankshafts.
The reasons really don't matter but the current condition does.
My lawn mower blade can be quite out of balance and you still won't notice any increase vibrations on the handle but a crankshaft can be bent just a little bit to where it's barely visible which is far more bent than what a dial indicator would show you and it can vibrate like mad.
He can also have an extremely visible wobble and deflection from being perfectly straight, round, concentric, or whatever you want to call it in high tech engineering or machine shop terms... And it can be so smooth no one would ever tell there's any increased vibration on the handle.
It's not an exact science and there are some weird things that happen.
Regardless, if a blade is badly out of balance when you stick it on a nail the heavy end will turn and point straight to the ground..
Anything even close to hanging horizontally is fine for lawn mowers.
Worrying about anything else beyond this is simply applying some aspect of OCD to it, being pedantic, or making a mountain out of a molehill.