This is the kind of stuff that happens when ya have some time to kill. I turns out my sensitivity to instrument tuning has been greatly underestimated. My ROK has ran fast on the rubber belt since day 1.
The cloth belt ran slow, however. This tells me the motor pulley has wore out. It looked rusty even after I cleaned it with a polishing compound.
So I felt I couldn't do any further damage to it and decided to lap the pulley down to where the rubber belt worked. The cloth belt rumbled something awful so no loss there. I made a magnetic tape belt and while it worked great, it was slow as well. I had nothing to lose.
Poked a hole in a piece of felt and stuck it over the shaft to keep the filings out of the motor.
Started with 240 grit sandpaper cut in 7mm wide strips, turned the motor on and slowly passed the strips over the pulley. I cleaned the shaft and checked the progress frequently, and it did not take long. I then ran some 1000 grit coated with cutting fluid to polish it a bit. I left it a tic fast as I know it's gonna' wear some.
But it's much closer now and a breath of fresh air. I guess after 2 decades of being around live instrumentation, it was driving me nuts on a subconscious level.