Gandalf how far away did you set your magnetic probe? I have tried it very close to the balancer with no results. I saw that someone said they put it more than 4 card lengths away and it worked???
Honestly, I didn't measure the clearance. I remember cleaning the bore hole with a drill bit, which took only a moment or so. I inserted the probe until it fully contacted the rotating surface, and pulled it back just about half a hair width, barely enough to notice.
I sanded the injection line, as close as possible to he injector, until it was bright and shiny. Good contact is essential on that line. A good contact is equally essential on the ground. I hunted long and hard for a good ground, found one on a bolt going into the block. I sanded that too to assure a clean surface.
The sequence of steps in the process is important. As I recall turning the meter on at the proper point in the sequence is critical. Read the instructions several times, write out a cheat-sheet for the process you intend to use.
This is all being said purely from memory since I am not at home with reference to my meter or the instructions. I'll be back tomorrow afternoon if you need me to verify anything.