JPG wrote
I do not see any corrosion to be concerned about(staining at the periphery not deep enough to worry about)
Beside some significant running at high speed will polish that area from belt wear.
'Engraving' painting looks really really good.
OK, so a little bit of waxing won't hurt?
Also, I check the bearings. The back one seams ok, but the one on the sheave side has a little bit of hitch in it's giddy up. Will the Nachi 6203-2NSE9C3 work for both ends?