I thought the exact same thing, all the drive power is transfered via 1 single belt. I can see no real problem for the smaller machines that have say 46 HP or so, but say the larger S300 you are looking at almost double that figure. It obviously works though.
My 753 and 773 40 and 46 hp, used a triple v belt with one backing, all made into one belt.
I got the 753 at 2100 hours and runit until 33?? and never replaced the belt, tightened it once.
I got the 773 with 1500 hrs and the tensioner failed at 2000 hrs, or I believe the belt would have lasted awhile yet. Not sure if it had been changed since new.
853 uses a quad v belt all made into one. 58 hp. I replaced the belt when I got it because the back was starting to separate between the V's it had 2160, but the belt starting to crack from old age. Also it had been totally bathed in hyd oil from a leak that had been ignored.
The belts wrap more then 180 degrees around the engine and the pump pulley, which makes for a maximum hp rating for a given belt and pulley configuration. Although the pump turns faster then the motor (overdriven) which reduces it some. But Bobcat claims this is some sort of hyd advantage, Also you can't overdrive the pump if you use a straight inline drive.
I woud think as the hp rises the belt would have to get even larger. And the spring loaded tightener is a big plus in insuring the belt stay tight for a long time. Shortly after I got my 753 it would make a horrible squeal, only when I was lifting and driving up a small hill. I was glad to find (after it dawned on me) the it was just the belt needing adjusted. With both the pumps working hard, it was enough to slip the (begining to loosen) belt
My Nh Ls 160 is a inline drive, the manual says nothing about greasing u joints in it, they must use a straight shaft to couple the pump to the motor. It seem to work just as well imo.
Some of those new "poly chain" syncroness belts are rated over 200 hp, so I;m sure bobcat will stay on with its belt drive. I not really sure if it is an advantage though, or just a way of setting yourself apart from the crowd. It does help make a more compact machine, and move the engine weight a far back as possible.
Regards Ken