Autoguiding is a bit of a rubik's cube sometimes, that's for sure. The HEQ5 should be up to it, but agree you're close to its limits. Being the optimist I am, I figure that just means youll learn more along the way though
Balance is really important of course - with the 8" Newt just a few cms movement of the counterweights in RA can improve things (or make it worse). I always aim for bit East of fully balanced. DEC generally has to be evenly balanced.
I've had my best results so far doing away with a "proper" guidescope and using the SSAG in the back of a 2nd hand finder guider - really do think that's worth a try sometime.
Then there's a whole bundle of software settings to play with. I've always found Guidemaster the best with the HEQ - seems to handle my considerable backlash best. Bit more messing than Phd, but more control in the end. Happy to show you next time we're out somewhere if you want Jeanette. You really need to devote a series of nights to nothing but systematic tweaking (hardware and software) and recording what makes a difference for you. Can be very illuminating. Nothing worse than guiding misbehaving at a dark sky site, so ultimate goal is to avoid that at all costs.
Enough of that - great Ring JJJ !!