I've been running Kilby's system for several years and have done a LOT of airing up. I've had problems with my homemade air tank plumbing, and I even got the compressor so hot that it melted my air hose. After the BANG I was greeted with the nastiest screeching sound I've ever heard... the compressor seizing and the belt slipping. I let it cool off, started it back up and it ran like a top. That was 2 years ago... and I've used it in mud, ice, snow, water deeper than the hood, etc... and that belt has NEVER shown signs of stress or even looks close to worn out. Even if the belt broke next time I went out, big deal! I've gotten my use out of that $5 part.
And besides, he already said the belt is bigger than the stock belt that drove that compressor... which I'm guessing was running more than 120psi.