certainly not opposed to listening as a primary metric for setting levels but human hearing is deceptive, particularly with regard to distance and what is heard in left vs. right ear (or perception of what is heard)
there are a lot evolutionary reasons why even mono mic placement is a dark art
but there is no easy tutorial, let alone button to press, as to how to balance signals in stereo recording. Mics are wild card variables (even with so called matched pairs (some are better matched then others, plus age can play a role)), the room particularly for stereo is a major variable, and pre amps contribute.
but equalizing level is far less critical (generally speaking) then finding the appropriate mic position for the content in the first place
and, as with most audio endeavors there are two basic approaches. Getting it 'close' while tracking then massaging in post or spending the time to set up listen both live and in play back (when using any non coincident spaced pair listening live is particularly deceptive . . . ears being in locations other then both mics), make minor adjustments, listen again, etc. In real life one typically defaults to some blend of get in right prior to record and fix it in the mix . . . there is not much real world benefit in fatiguing the talent prior to hitting the red button.
There can be some benefit in using pre-amps with stepped gain. There can be some benefit (depending on all the variables) to using a compressor on signal prior to tape . . .
but it really does 'all depend' on: content, performers, mics, placement, etc. In many ways the least valuable aids can be the meters (balancing stereo signals) . . . analog meters tend to be too slow, by the the time you sort out all the meter variables, peak, RMS, phase graph or scope you can be far enough down a recursive rabbit hole that content gets misplaced (hence the use your ears advice, which is good advice if you have the experience and (AND) are in a decent room)