Thanks for that. So a differential of 12 C is fine across the system, with the boiler in modulation mode, as long as all the rads have 12 C, right?
All modulation does is to adjust the boiler output so the flow temperature maintains the set value. If you set this to 75C, then a 12C differential at the boiler and across all rads is fine.
I am aware that the return to boiler must be below 54C such that condensation occurs.
True, but it will be difficult for you to achieve that and have the house warm enough.
How to balance the system
1. Close all LS valves; then open them 1/3rd of a turn
2. Remove all TRV heads and set all wheel valves (other end of rad from LS) to fully open
3. Set the boiler temperature to at least 75C
4. Set pump to speed 2
5. Set room stat high (so boiler does not go on and off)
6. Let the system warm up
7. Measure the temperature difference, between flow and return, at the boiler and at each rad. It should be above 10c and less than 20c
8. If difference is much smaller, set pump to speed 1; and vice versa.
9.If no noticeable difference, (±1C) go to step 13
10. Go to the rad with the greatest difference (i.e coldest return) and open the LS valve opened very slightly (1/12th turn or less).
11. Wait 5-10 mins for the system to settle down.
12. Go to step 7
13. Stop
14. Set room stat to usual temperature
15. Replace TRV heads and set wheel valves to required position.
Don't aim for perfection, Provided the temperatures differences are all approximately the same at the boiler and each rad it doesn't matter what the exact difference is. However, the the lower the temperatures and greater the difference the more the rad output reduces. A nominal 1kW rad will produce 850W with a 75C flow and 55C return and only 750W with a 65C flow and 55C return.