Are you putting it in the nose cone looking sideways, or are you going to mount this eccentrically hanging off the side? If it is in the nose cone looking sideways, I doubt the off center position of the mass will make much difference, and likely more than matched but the added stability you get from the significantly increased mass you are putting forward of the CG. Anyway, if it is IN the nose cone facing sideways, ignore the rest of this post.
On the other hand, if you are putting it on eccentrically so the lens "looks back" at the pad in launch position.......
My gut tells me you are better off putting it on a long skinny rocket than a fat rocket.
Reason: both mass and drag.
The wider the rockets, the greater the distance off center your added mass and added drag are. Therefore the greater the "moment" to pull your rocket off the straight and true optimal flight path.
From a stability perspective, assuming you are placing the camera forward of the CG, the MASS of the camera actually increases the stability of the rocket.
Looks kinda chunky, any kind of "cowling" that might cut back on some drag would be useful.
I don't think eccentric mass will be an issue, but the skinnier the rocket, the less of an issue it will be.
The eccentric drag may be more of an issue. Again, still less of an issue with a skinnier rocket.
Also, an overall larger rocket (not necessarily diameter, but overall more mass and more engine power) is less likely to get torqued off flight path.
Since the camera is relatively expensive (I'm a Low Power Rocketry guy, so anything over $10 is expensive, this camera prices out at $200 on Amazon) may want to fly a "mock" version before committing. Take your planned lift vehicle, tape a cube about same size and weight on it where you plan to put the camera, use the same engine you plan to use for the flight, launch it as a "heads up" flight, and make sure the flight profile is good before actually sticking this puppy on the rocket.