I installed the above Myford link belt recently to the headstock. Very happy with it. It does need to be the correct way around. It does work in reverse, but have not done any slip test on it. I am not into seeing how big a cut I can take on my S7. I am more interested in having the highest precision in roundness of the parts I make on it. I have another lathe for roughing out stock with. In the process of making a Myford Nose adapter for my other lathe. So I have the stock in the chuck, and just swap out the chucks with the stock still in the chuck.
I put the linkbelt from the motor to the clutch many years ago. It made a big difference to the surface finish, as there was less total vibration. The headstock link belt makes the lathe rpm alot more consistent than the normal full section belt. I did not notice any change in vibration, ie not seem more vibration with the link belt on the headstock. I set the tension a bit like the old belt. When it takes a cut, you can see the free side with a little slack happening. If there is too much slack happening, there seems to be an effect on the surface finish.
I had another belt that has the metal rivets that twist and lock the links. I have not used that one yet. I just had an unfounded fear of the rivets running somewhere in the bottom of the Vee.
What I did notice, is that for the same 50hz in top speed, instead of being 610 rpm as it was with the old Vee belt(Installed 1996) the new Myford sectional belt now has a top speed of 645rpm. This is the top speed on the spindle and the lower speed from the motor to the clutch. I guess as it stretches and wears in, the rpm will lower to the correct value that is on the plate. In time it may need a link removed. Also not a big deal. In 96, I replaced the belt with a Gates belt that has the sections removed to improve the small radius deformation of the belt to the pulleys. Same for the motor to clutch belt.
I think that if the belt is too tight and something goes wrong, I would rather stall the spindle than stall the motor anyways.
I do like that the link belt is done without disturbing the spindle assembly. Both the S7 and the ML7 have their quirks when it comes to removing and then reinstalling the spindles. Read the lathe Manual and it will explain what is required.