AMC V-8s are externally balanced. The harmonic and flywheel are part of the balance of the engine and are displacement specific. That's not to say that the engine couldn't have been balanced with a 304 harmonic, but if it wasn't, the vibration will cause premature wear on the main bearings, and cause a noticeable vibration at higher RPM.
What brand is the aftermarket harmonic? I have heard of fitment problems with some of the aftermarket ones?
My suggestion would be to find a good used OEM 401 balancer. If you can find one that needs a rebuild for cheap, I'd recommend www.damperdoctor.com
Bob
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