I'm sorry Gray, I really don't want to sound argumentative, but you have a few very important things completely wrong.
No, the belts don't "bounce all over the place". This would negatively affect cam timing, making it quite erratic. I've lost track of the number and variety of motors I've built in over 30 years as a hobby and race mechanic, many of them belt drive (DOHC Alfa fours, Cosworths, and some far more pedestrian than that). Some, like the Alfas, run open belts. I've watched a lot of them run, and the belts never "jump all over the place". Running my 900 SS with the belt covers off, just out of curiosity, shows the belts running quite smoothly, just as every other motor I've ever built or worked on has.
No, these belts do not stretch. Not under the running load they see with a low drag desmo valvetrain, nor with the fairly high running loads they see with traditional (and very heavy race) valve springs. These belts have internal, longitudinal aramid and/or kevlar belts woven into them. These fibers have a higher tensile strength than equivalent steel strands. Any sort of reasonable tension, enough to take all play and backlash out of the system, will not stretch them either.
We in no way "stretch" these belts when setting the running "tension". "Tension", as a matter of fact, is quite a misnomer. We are more accurately setting cold "slack", that will be taken up as the motor heats and expands. Again, 5mm of "slack" between the idler pulley and the belt on the horizontal, and 6mm of slack on the vertical. Removing the allen wrench (or whatever is used to set this slack) leaves the belts rather, well - slack, on a cold engine. Cams simply cannot be accurately timed with this slack in the belt.