Three points weighed with me in favour of belt drives, which worked for me for a dozen years and tens of thousands of miles:
First, the gearing up by about 20%, making 12v operation perfectly practicable without other changes.
Secondly, not eating the casting of the inner timing cover and creating that familiar mix of aluminium shavings and grease.
Thirdly, quieter operation.
I found the Dynamo Regulators one (now supplied by another business) tougher than the SRM one I started with - fatter belt, but also a more durable taper (in my case) on the driving pulley. Couldn't fault it - but neither of them put untoward stress on the dynamo drive end bearing as far as I could tell - I never replaced mine, anyway. Maintaining belt tension didn't seem to me to be a problem either but I checked it at intervals all the same.
Apart from costly-to-replace-regularly timing belts on cars (where chains really are preferable I reckon), I quite like belts to be honest.