I remember having this sort of quandry when i did mine - but i can't remember what the final result was
I know that it wasn't easy to get at the tensioner to put the spring in as my hands are bigger than those of an action man,and it took a while to get the tension correct, but i can't remember which way it turned to increase the tension ~ the first time it went in, it was the wrong way round, hence the problems with replacing the spring after it was fitted, but i can only assume that i would have persevered to do it as per the manual, otherwise it would have been left as it was
I just sort of 'guessed' the tension as i didn't have access to a proper gauge, or a 10Kg weight, but it didnt snap or screech, so must have been okay. ('Guess' is probably not really a good expression - it was a considered process with firm finger pressure and a ruler, and i've done a few on other cars over the years, but never before on an elan!)
As Monty says, i did have a gander at his at Stoneleigh, and it looked a bit slacker than mine was, but i don't believe it has caused him any problems.
I think that if you have new bearings and water pump, then a belt which is too tight will be okay in the short term as the other components will be good for the extra strain on them, but with older rollers and pump, they could easily fail. A new belt will stretch in the first thousand or so miles to give a 'working length', hence the different tension flexing on a new belt to a re-used one.
All in all, it is worth checking (or having checked) the tension with a proper gauge to avoid the posibility of belt, bearing, tensioner, pump or cam bearing failure in the future.
Sorry i can't really remember how i did it (probably a fair bit of luck and good fortune):roll:
P.S.
Ray - good tip about using the wallpaper joint roller to see how the noise changes with tension whilst the whole lot is in motion - i've often thought about how such a thing could be achieved, and all the time the answer is in the garage cupboard!!!