Well, I have done a poly V conversion to my ML7, and just to make a proper job of it I put in four pulleys on each shaft instead of three. They don't squeak like the old V belt did, and give me a wider range of ratios. They also require less tension than the V belt did, which has to be a good thing with the spindle being on white metal bearings. I have the Newton Tesla drive on this lathe too.
I also converted my Unimat three to have a toothed belt drive that fits inside the original cover. I submitted that as an article but some previous editor discarded that and a few others.
Next thing I should do is replace the motor to counttershaft belt on the Myford with a poly V
John