Many years ago I had an ML10 and wanted to fit a link belt to the headstock. I phoned Myford first and asked about doing it and what belt they would recommend (this was long before the internet existed!!) and thy said they did not recommend linked belts for the ML10, I asked why and they said that the rivet heads would catch on the headstock casting when changing speeds and would, over time, possibly damage the paintwork!
Anyway I went ahead and bought a belt – one with rivets (as they were the only type available in those days) and It was quite easy to change speeds without catching the rivets on the headstock and the belt worked perfectly when running – there is plenty of clearance.
I would say to go ahead and buy the linked belt rather than disturb the settings of the headstock bearings.
From the motor to countershaft you may find that a "cogged" v-belt will be more supple around the pulleys and give a smoother drive.