I also work in the print industry. And unless a belt in the press is sloppy loose or has a cut half way across it, theres no worry about it shooting off into the machine. Its very much like watching antique tractors run a belt to other equipment. You see it flip around, and jerk on that pulley, but because of the crown on it the belt hardly ever falls off.
I like your set up, mind if I copy it someday?