if you are talking two different wizards, yes, balance and storm work very well together. Storm is the hammer, balance provides heals and extra blades/traps.
If you are talking secondary schools, no. Generally speaking, the whole concept of a "secondary school" is a silly way to waste training points. Training points should be spent to get specific spells that will help you, not tossed willy-nilly into a "secondary school". The most common mistake new players make is thinking they can use damage spells from a secondary school. In the long run, this doesn't work. You never have as many blades, traps and other damage increasers available for secondary school spells as you do for your primary school. Later on when power pips dominate spellcasting, secondary schools are limited by only counting power pips as one point. Training points should be spent on support spells, not attacks.