I've looked through the manual, and it doesn't give a value for what the correct tension should be. This being the case, how would I use the Belt Tension Gauge? Are you aware of anywhere that gives a recommended number to be shooting for?The amount of slack will depend on the distance between the pulleys.A common method of setting the tension is to deflect the belt with a "moderate amount of force and note the deflection. The problem is, what is a moderate amount of force. There are devices which will measure tension by using a spring to apply force to deflect the belt between two arms at a set distance.
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Again, too tight is hard on bearings, bearings in the motor or bearings in the headstock side. DON'T use a pry bar to push down on motor and it will be fine. The further apart the sheaves are, then the more deflection the belt can have for same amount of tension, so deflection in belt at low speed setting is different than high speed. Again if the lower pivot isn't locked down, the weight of the motor plus just a little force with hand is plenty tight. If it doesn't slip with just weight of motor, then that's tight enough.