On my old 505" kit, the piston weights varied a maximum of 2.3 grams, the pins by 0.3 grams, rod bearing ends by 0.7 grams, and pin ends by 1.4 grams. By matching up the heavier rod pin ends with the lighter pistons, the variance in the piston/pin/rod weights (Reciprocating end) was reduced to 0.6 grams maximum (if I did not know what the parts weighed, the stackup could have resulted in a maximum difference 4.0 grams. Weighing all the other parts and calculating a bob weight my calculations were within 0.7125 gram of the bob weight stated on the 440 source sheet that came with the kit.
As mentioned this does not include any slight balance difference that might be on the flywheel/flexplate and damper.
For oil weight, I used the same number as 440 source? I really don't know how the "oil weight" number is figured out?
Sort of the same with Balance Factor. 440 source uses the normal 50%, but I have heard of places under and over balancing cranks.
So, depending on the oil weight and balance factor, you could end up with slightly difference bob weights, and depending on the way the different weights stack up, the differences could work for you or against you. As mentioned above, if I just threw the engine together, I could have had a 4 gram difference in reciprocating weight. On the other hand 4 grams is the weight of a sheet of printer paper.