Yeah, if Fruuzberglag can hold off the phane and we can keep the clone from getting anywhere while Xuuvosic grabs the artifact, hopefully we'd manage to get it safely.
Now by "distractions," did you possibly mean "death attacks"? Because I can do those, even this round if I have to. Alternatively, I can just throw what little I have in the way of offensive spells at it--I'm not a full caster, but Ray of Exhaustion and Unluck are decent enough, although I have little confidence the balor is going to be failing those saves.