Couple of hints from the service manual; (this isn't my opinion, this is from the manual) others have their own opinions about belt tension so take this for what its worth. Also I'd give a shout out to Arizona Warrior for the help with my "squeeking belt" issue which turned out to be a WORN OUT FRONT PULLEY. Going through that whole process gave me some great experience with alignment and belt tension work.
NOTE*** I would "suggest"aligning the belt first, then set the belt tension, then double check the belt alignment and then lock everything down to torque specs.This may be obvious, but I also tried adjusting things and had forgotten to loosen the rear brake caliper/frame bolt (DUH!).
BELT TENSION
1. do you have the lower belt cover on? it has the "level window" with markings on it. Each mark is 5mm (.20in) apart.
2. take note, there are 2 adjustments to the tension. 1 on on the lift?? called the "suitable stand" or off the floor, and the other is on the floor/on the sidestand. these are 2 disctinctly differant measurements either is acceptable according to the manual.
3. roll the bike back and forth if on the floor and find the tightest position of the lower belt. You'll see the belt will go tight andslack on the bottom when rolling that rear wheel.If ona stand, again just roll that rear wheel while watching the bottom of the belt and when it is tight you are ready to adjust.
4. lay down and get comfortable on the floor, note the mark on the level window where the belt is lined up with before you get started. As you apply pressure note how many marks the belt moves until you hit 10lbs of pressure. If you are checking on the lift, it should only have moved between 7-9mm which is 1.5 to almost 2 level window marks. If on the floor on the side stand, it should only move between 6-8mm which is like a little over 1 to 1.5 level window marks. Once you get this the belt tension is set to service manual specs.