I would not necessarily blame the belt.
Yes, it sounds like something is running out of balance.
But, have you checked for a bent pulley?
If it is running out of round, it will vibrate.
Or, did the lock nut fall out of the pulley?
Also the blade?
Do you get the same vibration with a different blade?
If the belt has a spot where the blade bound up and the motor pulley burned a spot on the belt..... yes it could cause vibration.
Hope it is this simple!!
