So I have found a solution.. (mostly at least)
I think it was a combination of things happening all at once. Number one being that Logic Pro X just has some bugs. Some of the issues with Kontakt 5 loading slowly or not loading or losing an instrument after being loaded are all just bug issues in Logic Pro X that need to be resolved. Some of these issues have been addressed in the most recent update 10.0.1. However, there are still issues, which is to be expected i suppose on any release of any DAW.
I was in contact with the support people at Propellerhead and they did not know of such an issue or what was wrong. He suggested to try Balance on another computer just to be sure it was a Balance issue (and not Reason or Logic Pro X software issue). I tested it on my friends identical macbook pro retina using logic. He had absolutely no issues in gain or power. (Logic still crashes and has bugs even on his, but as said before thats just some small bug fixes away from being resolved). So I was very confused at this point. Neither Logic or Reason 7 were working on my computer, I knew Balance was compatible with both, but it was still giving me the gain problem. It became apparant that this was a Macbook issue. So I called Apple Tech Support.
The audio issue at hand was discovered after 8 hours off and on the phone with numerous apple support people, none of which had an answer or solution and kept passing me on to someone else until, at last, I was put on the line with a young lady named Vira Golender, a Senior Advisor for Apple tech support on Macbooks. She was prompt, very professional and helped me try numerous things to resolve the issue including some software/hardware power resets (thinking it might be a usb power issue), partitioning my drive and re-installing OSX on the new partition, and re-installing the software one the new partition to see if it worked. This actually worked with Balance. However, upon going back to my regular Hard Drive space where all my personal info is stored, the audio still had the issue. Vira had me try one last thing as it became apparent that it was a software issue on the Macbook. She had me go into Finder and go to the Macintosh HD/Library/Preferences and move the folder named 'Audio' into the trash. It was here the issue was resolved. Mac automatically makes another audio folder. I suppose the old one had somehow corrupted. And I can say with certainty that that was somehow caused by Logic Pro X either at install or sometime running the program. I have not had even one issue with Balance on 10.6.8 up to 10.8.4 using Reason 6, 6.5, or 7 until the day I downloaded and ran Logic Pro X. Clearly this issue isn't happening to everyone but somehow Logic seemed to trip something in the Audio folder and corrupted the audio gain for the whole system.
I am happy to say that Balance is working as it should now in both Reason 7.0.1 and Logic Pro X 10.0.1. Gain levels are accurate and crystal clear like you'd expect. Heck, I even swear the headphone output on Balance itself is even higher than before! Still uncertain of what the actual 'issue' was (or more or less why it happened) but its cleared up for now. I'll keep you posted if anything changes or it becomes a recurring issue.
Thanks for all your input. I pray no one else has this issue. I was as detailed as possible with what happened to me in the hopes this can help out others in the future! And sorry for the late response, Its been days i've been working on the issue and it was just figured out!
Blessings to you all.
Dan