mac, yeah evildky is stressing the point of IF 'n your belt may be "dancing around" lower down at the crank - is prudent to not advise , my bad ,someone to check without balancer - we don't really know if you'll run it more than 15-20 seconds as you said , all situations are different , we're (I'm) not there - don't know under what conditions your "bottom" was running for your test? I just did VG30DE belt and after "perfect alignment" marks and many rotational ,verification checks ran for 30 seconds at a time 4-times , and mostly to RE-CHECK alignment marks - then when balancer went on the PROOF-CHECK of 0-DEG on bal. as compared to ALL the other visual marks , of course lined up -for we were extremely accurate with just all the "Dots".
One thing I noticed in addition to very likely possibility what evildky states- on whether "dancing" @ the slinger; was that three pulleys (1 on tens.) with THREE different "Setbacks" go in my motor .The differences were around 1/4" 1/16" and 3/16ths " - and I know that IF the WRONG SETBACK was done BELT WILL RIDE CURLED over EDGE. And if it's running slightly to the backside - may not be so visible - probably CHAFFING front surface of engine. Also a Timing set may have been STOCKED WRONG or pulleys may have been purchased separately etc. - so you may not have the logical argument going "the OTHER WRONG PULLEY LOOKS FINE" . Close inspection of EVERYTHING the belt runs ON or especially AGAINST (interference).That's where the idea of a quick run under a Timing light for "stop action " on suspected areas may help to see it "rumbling". Yeah you smell rubber - rubber is RUBBING -CHAFFING-TWISTED -CURLING