I believe it's better to retain the current debt ceiling than to raise the ceiling in return for a balanced budget amendment (BBA).
A BBA is vapor-ware. It may not be ratified by the States, and even if it is, Congress may not obey it. It's not like you guys obey the rest of the Constitution.
A BBA might theoretically lead to a balanced budget in the distant future, IF it gets ratified, and IF Congress obeys it, but the debt ceiling is in place NOW, and can balance the budget NOW, if only YOU will retain it.
Do NOT raise the debt ceiling for ANY purpose as part of ANY deal. Let the current ceiling be a true ceiling. Cap the debt now, permanently.