JPG- per 2 separate sources you are correct.
https://hvhindustrial.com/blog/common-types-of-v-belts
https://mastertoolrepair.com/how-to-read-belt-numbers-i-25.html
https://mastertoolrepair.com/how-to-read-belt-numbers-i-25.html
Part number designation for wedge belts is shown in belt top width followed by the nominal outside length in inches. The numerical prefix indicates the belt top width in one-eighth of an inch. For example, the 5V500 part number indicates a 5/8” top width with a 50.0” outside length.
General cross-sectional dimensions that are used in the US are shown below.
Wedge narrow v belt dimensions sizes
Fractional Horsepower Belt:
FHP light-duty V-belts are often used as single belts on drives of 1 horsepower or less. Its design is for relatively light loads. The most common applications for this V-belt type are domestic washing machines, small fans, refrigerators, and garage equipment. Light V-belts should never be used on any heavy-duty industrial applications, even if they seem to fit the classical or narrow V-belt pulley grooves.
Part number designation for FHP belts is similar to wedge. They are identified with a 2L, 3L, 4L, or 5L prefix. The numerical prefix indicates the belt top width in one-eighth of an inch, followed by the nominal outside length in inches. For example, the 3L300 part number indicates a 3/8” top width with a 30.0” outer length.
General cross-sectional dimensions that are used in the US are shown below.
Fractional Horspower V belt dimensions sizes FHP