Craig,
Would love to see some pictures of your belt setup. I would try some belt grip spray and see what difference that makes. It isn't a good permanent solution but it will validate your assumption about belt slip if that's the primary cause. If it's slipping badly you should see a bit of boost increase with a good dose of belt grip spray. And do the belt up tight.
Is your new crank pulley and charger pulley hard anodised? Plain aluminium pulleys polish up quickly and don't grip well. If you have a spare pulley for the charger, another test to see if it's just mechanical belt slip is to cut straight grooves across the pulley which hugely increases the pulleys grip on the belt. I did this on some of my early pulleys and was able to see up to 2psi more. It will also chew the belt up eventually, so not a long term solution but again it will give you an idea if the standard pulley slip is the problem. I raced for a while with cross cut pulleys before I went to a better 8 rib belt solution.
Flex might be another problem, check and see if the head unit is moving off plane under load.
In the end, pulleys which are too small just don't work well. I decided 3 inch pulleys on the head unit were as small as I wanted to go, but you have to have a correspondingly bigger crank pulley to make it work.
What do 928 motorsport say? Reading the long development thread on the 'other' forum it seems he has developed a stage 2 setup and claims to be getting good results. Are you using his bigger crank pulley? It's only an inch bigger, which is still not enough to allow you to use really decent size charger pulleys. Seems like it is just a bad basic belt arrangement on that kit. Don't give up though, at the end of the day if the head unit is sound getting it to spin properly is just solving basic mechanical drive issues.
I got my tensioner sent to me from someone in the US. i see them for sale on various online stores. Even Amazon sells them:
http://www.amazon.com/OTC-6673-Universal...B000I198J0
Steve