Rich,
Thanks.
Dave,
There are two schools of thought on link-belts versus V-belts. Some claims no doubt stem from comparing a 70 year old V-belt to a new link-belt. The big advantage (and one of two official reasons or benefits listed by the original inventer) is that machine down time for an emergency belt change is minimized. Also true from a hobbiest's perspective (i.e., you do not have to pull the spindle and in some cases back gears and countershaft in order to change the spindle belt).
The other advantage is not really applicable to us. In a large factory with many machines using a large variety of sizes and lengths of belts, instead of the warehouse stocking at least one of every belt used in the plant, you stock enough links to repair any machine or maybe any five machines in the plant. When a belt breaks, you draw the necessary number and size of links to replace that belt, and the next day, Purchasing orders a new belt. When the new belt is installed, the links are returned to inventory.
The disadvantages are that link belts stretch at least when relatively new, they are more prone to slippage because there isn't as much material in contact with the pulleys, and they are not reversible. Someone can always find an exception but in general they are more expensive unless you buy them from Harbor Freight.
All that being said, use whichever you want to use. Aside from the reversing issue (which may or may not be applicable), they will both work.