...I suppose a top that looks balanced might not have a perfectly center tip still, and a top that seems to wobble could possibly have a tip that is rotating true? Or do you think these always go hand in hand?...
A sample of the first case could be an unbalanced top with a teflon tip spinning on an oiled glass surface:
The top is symmetrical, not distorted, but the teflon tip is off centered, this makes the top unbalanced.
When the top spins, the tip slips easily and it is dragged in circular motion, while the top spins true and apparently perfectly balanced, at least at fast and medium speeds. The tip wobbles, the top doesn't.
The same can happen also with other kinds of tips, but only if the speed of the top is high enough to constrain the tip to slip.
A sample of the second case could be a nutating top, (torque free wobble).
Nutation is a fast wobble and may look very much like the wobble due to unbalance, but its nature is totally different and it can happen also in perfectly balanced tops, (tops with an external tip do not nutate so easily anyway).
Even an unbalanced top which is not spinning too fast will look wobbling while the tip is rotating true, but for the only reason that it is not slipping.
Nutation, (torque free wobble), in a couple of my tops: