Two of the most popular PC kits and backing pads (or backup plates ) are the ones from Meguiar's and CMA. While it has been recommended in the past to match the counterweight to the diameter of the backing pad, recent posts (deleted by the server outage) have shown users to be happier with using the heavier 6" counterweight with the 5" Meguiar's backing pad. They report less vibration and smoother running at higher speed settings with this combination than when they were using the 5" counterweight. This seems to be the smoothest running combination (5" pad with 6" weight) especially at higher speed settings. A combination of a 6" pad (such as the CMA pad) with 6" weight also performs very well and is preferable to using the 5" weight. I spent some time testing some various combinations of weights and backing pads in this thread:
PC Vibration Test which reinforces what a small number of users have told me about the 6" weight/pad combo.
The current recommendation for buying a PC is to simply buy a 7336 series model or buy the PC 7424 Bonus Kit from Coastal Tool. This kit includes an extra 6" counterweight and the 18002 sanding pad. Alternatively you can try buying a 6" counterweight separately if you own a machine equipped with the 5" weight. People always had trouble in the past where they had to buy a separate counterweight once they bought a 7424 and the 6" CMA kit. Buy a 7336 or Coastal Tool kit and save yourself the trouble.
Failure to get a well balanced combination of counterweight and pads may result in increased wear and shorter life for your PC (not to mention sore hands), especially if you run it at high speeds a lot. The owner's manual also recommends that you have your PC inspected and serviced (if needed) after about 100 hours of usage by an authorized service center.