I'm still working off the "Elidibus IS Zodiark" idea until proven otherwise.
Then by extension, his definition of "Ballence" would actually be the same as The Overlords, aka Zodiark's revival and Hydaylen's destruction.
What will finally let me put the pieces together, is when we find out what Elidibus has been whispering in Uriange's ear. And good ol, Alise may be just the catalyst in getting Uriange to spill the fish.