I found the teeth on the clutch basket "notched" and slightly rounded.
Hmm, Peel history lesions involved three 30 mm belts, all able to out drag-sprint powerful moderns up to 90 mph Because Moderns Would Wheelie Too Easy and had to back off, so unless your Norton tested-scared your ability not to let Commando run flat out from under you, you ARE NOT over powering any type of 30 mm belt capacity. So let me count the ways you & Peel can ruin belts to put in pipe to smoke.
Peel lost 1st belt in about a season 3000 miles of hunting down any and every hot snot sport rider to find Peels power pecking order >>> which required over 7000 rpm in 1st and 2nd in 10-45 mph marked sections, on easy slow ride back home, belt ending up in & around Alternator, Because the dry sleeve bushes wallowed out to allow clutch wobble that walked belt off tract. Fixed that let down by adding a 3rd sleeve bush all oil grooved to allow Dexon II to get inside during intervals of 4th gear operation. Basket never wobbled again.
Peel 2nd belt only lasted about another 1500 miles BECAUSE I GOT BORED & STUPID and made decorative but functional air vents which allowed some fine road grit in that abraded the belt edges on front pulley plates so began to unravel with long fibers and rubber dust inside **AND** wore off the black anodized layer and began to round the pulley teeth edges with some mild linear notching evidence seem but I found in time to replace belt before failure and caused me to add *filter* material behind air vent. No more belt edge grinding paste evidence.
With upgraded bushes and more sealed primary Peel had no more belt related let downs from walking off track or abrading belt or teeth but d/t the routine frequent mis use of front floating wrist straing sprinting between all my harsh slow downs before blinds - crank nut came off and made series of pencil point holes plus a whole pencil finger tip size hole in belt that also chipped out real notches in alu teeth, lasted fine that way for rest of her hard life both as a sports bike spanker and long distance Heavy Cargo hauler. Doug Townsend in Oregon now has Peel old 30 mm POS drive installed in some other Norton as thot too ugly for Son of Sir Eddie land speed use.
Point being a 40 mm belt would not of prevented any of past Peels let downs so may not yours either but try 40 mm on open vented primary and let us know how long it lasts. Also if installing a bigger engine for its extra power use let us know what gear/rpm the front comes up or your ride reflex before throttle snaps not to be left on tarmac watching bike crash w/o you. Point being I do not hear of anyone else with Peels dangerous power response cautions so doubt any one of us w/o 920cc race use is over powering a 30 mm belt nor even testing to Peel level of life time memories of abuse. Steve Maney told me 40 mm needed for over 80 hp/7200+ racer use for his apparently un-informed sense of belt-teeth size.
Dead and living Norton drag racers told me AMC boxes vomit apart on tract as hp approaches 100 hp clutch drops. Point being - which Peel also tested by loosing teeth off 3rd gear out dragging a 900 Ducati Monster but not over working her holey & notched 30 mm belt priamary. Point being AMC gearbox is rather weaker limit than 30 mm belts so might reconsider your thoughts on what is limiting yours.