Good belts are less elastic than chain. Really good belts are less elastic than gears.
Re:Flat Pack Chainless Bicycle from IKEA
by TheCondor on Sunday January 15, 2017 @03:01PM
(#13406041)
Gates belts are dramatically stronger than chains. The bigger downside is the frame needs to built to accommodate the belt. The chain/belt passes through the rear triangle and you have to have a way to open it for a belt.
The transmission efficiency is probably nothing compared to the IGH and it's weight.
Downsides ... unlike an easy chain repair, you can't repair a belt in the very rare case it breaks. So you carry a spare on a tour. There are suggestions that frictional losses are higher with belt versus chain, though. And belts are apparently weaker when twisted or laterally flexed than chains, so storage and initial setup is more critical.