I have the Balmar SG200 too. And really like it. I'm not an electronics guru, but my understanding is that the shunt is part of what makes it such an improvement over Balmar's previous SmartGauge (which I had on a prior R27 and also liked).
As Hydraulicjump Jeff experienced, installation was straightforward and simple. My house battery bank is Bank 1, and the unit gives me all the "smart" info for that bank (State of Charge, State of Health, Volts, Amps, etc). I also can read volts on the engine and thruster batteries (with alarms and faults on those batteries, but not the other info unless you add components). The shunt is part of the package. The bluetooth is an add-on, and well worth it. You can read all battery info on your phone through an app and perform software upgrades.
I can't compare the Victron. I know Victron makes top shelf stuff. I don't think, though, that the Victron has the self-calibrating and self-learning features that the Balmar has. If it does, the Victron and Balmar setups are probably comparable, and the deciding factor might be installation ease and total cost.
For some thorough reviews of the Balmar for the more technically-minded, these are worth a look:
https://marinehowto.com/balmar-sg200-self-learning-battery-monitor/
https://www.panbo.com/balmar-sg200-a-good-battery-monitor-gets-better/
I had a small issue after the latest software update (State of Charge goes to 0% after on shore power). Support from Balmar through quick turnaround emails has been great. They and I thought it got fixed by reinstalling the update and resetting the gauge. But when I came back to the boat after two weeks, it was back to 0% SOC. When I contacted them again, they already had the answer. Even though I had closed my support ticket, they kept working on it and trying to duplicate the issue. And they had succeeded. Turns outthe issue occurs only after being on shore power (and maybe on a float charge) for an extended time. They are working on a software fix and hoping to have it soon. I was impressed. How many companies keep trying to fix something that the customer thought they resolved? So I'll give them an extra shout-out for product development and customer support, for what that's worth.
Gini