This is rather an interesting topic but also quite confusing.
If the wheels were out of balance they would cause vibration. Not "dipping".
When you say dipping, to me that means the front of the car drops down which would happen when you brake at lights.
If the discs are warped, you would easily tell they are by the brake pedal pulsing when you brake to slow down at lights, etc.
If the car dips (as in when you're slowing down to the speed you mensioned and the front end drops down like when braking but you haven't put your foot on the brake) then I would say your brake calipers are sticking and grabbing. If the pads are near worn out the caliper will be extended out quite a long way and they don't like it.
That would cause the brakes to easily start sticking (grabbing) and giving that "dipping" effect aswell as warping your discs.
It would also explain your car driving better at higher speed. (until you want to slow and get vibration due to the now VERY hot discs should they be sticking)
Another thing to check is the stabilizer bar (sway bar) rubbers.(even if you've just replaced them they can get chewed up easily if over tightened or due to incorrect install) Commodore sucks for the stabilzer bar system. (If they are gone the car can still seem to drive fairly good at higher speed surprisingly. This I know from my own experience when my rubbers were shot)
The calipers could be sticking even if they have had new pads put in. If they've been hot enough and new pads were put in without greasing (by greasing I mean with Copper grease on the anchor plate where the pads make contact and normal grease to the guide pins).
If the "drive shaft" (which is actually called a TAILSHAFT for rear wheel drive except for independant suspension which have a Tailshaft and drive shafts)
was bad that would cause shudders when driving rather than when braking.
So do you mean the front end dips down?
If so it would be either shocks, sticking brakes or Stabilizer bar rubbers (sway bar).