Dynamic models for hydropower generators treat the rotor part as a rigid body; however, many studies have shown the opposite. The electromagnetic force distribution of deformed rotors is uneven, creating Unbalance Magnetic Pull, causing high forces on generator components leading to a risk of fatigue, therefore shortening the life of machines. Unbalancing masses can worsen the asymmetries of the rotor, which would further increase the effect of the electromagnetic interactions. This paper evaluates the rotor response using different unbalancing masses at the rotor and at the poles to quantify their impact in displacements and exciting frequencies. The model employed in this paper is based on the equation of motion derived using Lagrange equations in both co-rotating and stationary frames of reference, considering the effects of Centrifugal loads, Coriolis, and magnetization of poles. Different unbalancing mass placements affect different variables; extra weights in the poles contribute predominantly to the deformation of the rim, while the unbalance in the shaft affects the position of the shaft; a combination of placements was also studied. The simulations were performed and compared with and without radial electromagnetic forces, showing how the presence of magnetized poles further deforms the shapes of the rotor.