With too thick oil in the center the car will lift up the front end a lot when accelerating, which will balloon the front wheels and need a really gentle throttle finger. On the other hand, really light oil will cause most of the power to be unloaded to the front wheels, which will again balloon the fronts and also rob the car of acceleration.
The thing to remember is, you WILL have some ballooning when running WOT, but if it gets really bad, it may be because your car is over geared. And if that's the case, you could gear for lower top speed (which will cause wheels to rotate slower and hence balloon less) or do something like taping up the tires on the inside so they don't balloon.
