John although the Reeves Drive, spring loaded half pulleys, style of varispeed drive looks simple there is a good deal of engineering subtlety involved in producing a systems that works reliably for a decent period with good power transmission and long belt life. Its easy enough to knock up something that will initially work but proves to fail depressingly quickly with either a torn up belt, grooved pulleys or both. What really hurts is that there are regions where an essentially un-engineered "looks right" solution will be quite satisfactory for undemanding use yet a small change in size or something will toss you straight into an area where it needs to be figured out properly.
Some of the smaller three wheel bandsaws used an absurdly simple friction drive system with a drum on the motor shaft driving direct onto the inner side of the bottom rear blade wheel. No good for high powers but clearly enough for a small woodcutting saw.
It would seem quite practical to produce an additional drive drum suitably sized for a metal cutting speed and arrange for relatively easy drum swops. The motor mount would need to be operated on too so that both sizes of drum could be bought into contact with the blade wheel. Longer mounting slots on fixed plate perhaps or maybe a pivoting mount with suitable spring loading could be arranged.
I have a 13" (ish) Birch branded saw sitting in the white elephant / do something about it corner which uses this drive system. An unwise E-bay purchase it looked to be a decently solid, steel bodied, machine a couple of cuts above the usual consumer imports. When new it probably was a very effective machine but this one had clearly been rescued and subject to refurbishment by a person whose creativity was clearly far in advance of their engineering ability. The blade wheels have been replaced by sack truck wheels, complete with treaded tyres. The drive roller is a nylon castor wheel bodged onto the good quality compton parkinson motor. The adjustable roller guides has a superficial correctness rather spoilt by an inability to be adjusted into any position capable of useful guiding. To my complete amazement it ran well on test and cut quite effectively given the blade was completely unguided. Fixing work got as far as buying a set of roller guide assemblies from Axminster before a nice Startright Rapier varispeed metal / wood cutting saw turned up at an acceptable price and the poor Birch got relegated. Too much potential to scrap but not good enough to sell. Anyone within striking distance of Crowborough want a project?
Clive