I’m a bit on the fence on how much tension to use. Onloop says to tension just enough where you feel resistance in the wheel. I had my belt to be taut with maybe 1/4" of deflection max a few days ago. I was having trouble with sudden acceleration from a slow roll. Right now, I re-adjusted my belt to just enough to take away the slack, and then maybe 2-3mm beyond that. Bench testing it, it seems a lot smoother with the acceleration and I don’t see any oscillations in the belt. I’ll test it tomorrow for any belt skip.
The best thing would be for someone here with a working board to tell us how much deflection there is from rest and with a finger pressed onto their belt.