LS1 balancer tool??
The nut and washer need to be threaded back toward the bolt head. Then the piece you have in your hand in the 2nd photo slides on the bolt with the smaller hole toward the bolt head. Thread the long bolt into the crank after the balancer is placed on the crank. Once you have the long bolt threaded into the crank, you use the nut to push the cylindrical piece against the balancer and press the balancer back onto the crank.
Maybe someone else can explain it more clearly, but I tried.
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