In the interest of clarity, another post. See attached jpgs.
It helps to draw a picture. I have learned a lot by doing so during this thread. I am lucky to have a very good CAD program.
To address the OP's and Dusty's problem, they want lower min RPM, and it appears to me that the only way they will get that is to use a shorter belt length. See table. Shorter belt length results in lower min PD - which in turn results in lower min RPM.
It also results in higher max RPM, but that's how it is. Shorter belt = lower min speed, higher max speed. Longer belt = higher min speed, lower max speed. It is just geometry. Please review the attached materials and advise if unclear.
I also learned that there is a minimum PD under which we cannot go - because to go lower would result in the belt not fully engaging the sheaves and possibly falling into the gap between the sheaves. To be avoided. This makes the min practical PD = 1.88".
And if 1.88" is our practical min PD, and 5.06" is our practical max PD, then the lowest output speed we can get is - see table. That lowest speed is obtained by using, not the Official Shopsmith 26.57" long belt, but a shorter belt.
Likely such a belt of that length is available, or close - I have not shopped for one. I would try a link-belt instead.
I really am surprised that the Official Shopsmith belt will not allow 700 RPM output speed - isn't that a claim?
So as far as I am concerned, a remedy for the OP's and Dusty's issues were found, and we all learned.

