Hi John,
Does the bike have a "Pearson "type sliding plate fitted?
The original sliding plate will leave a gap around the gearbox shaft when a belt drive clutch is fitted (NEB anyway)
I would not worry about the clutch over heating with a closed case, you are not racing it!
I see that you have the nice SRM(?) cush drive pulley
I suppose you could leave out the drain screw or plug to leave any water escape ?
I have an Ariel and know if I have it out on a wet day that when I get home I must drain the primary case as water gets in, Ariel's only have a thick felt washer stuffed between the case and final drive sprocket
John