Convertors take special equipment to balance because you need to balance the stator, turbine & impeller then weld it together & support the stator & turbine while you spin the impeller & cover.... Then if it's intended to be used for a externally balanced combo weight is added based on a template.... A weight the size you show likely is just balancing the convertor..... It's pretty thin, Externally balanced 440's have small weights but probably twice as thick as what you show plus twice as wide and there are two of them.... I've seen holes that size in plenty on balancers...