If that's a Gates belt, it's doing an impersonation of a Goodyear "Top Cog" belt.
Key thing might be WHICH line of Gates Belt you have? The old "Green Stripe" series belts were the best, but in later years, their "Charter" line got the Gates name on a $3.00 (selling price, back then) belt.
By comparison, Goodyear owned Kelly-Springfield tires. That didn't mean that the Kelly-Springfield "Super Charger" tires had the same rubber compound as the Goodyear Eagle GT. "Value pricing" is one thing, less expensive lines playing off of a "name brand" are another.
From what I've seen, you can have about 1/2 groove mis-alignment and not have any belt longevity issues, as long as the tension is normal.
Back in the later '80s, one of those big-box auto supplies came to town. They had a "house brand" belt that was cheaper than the normal Gates belt an older auto supply carried. Their sales of belts plummeted . . . until about 3 months later when the "house brand" belts had stretched and flown off. Then the older auto supply started selling their known-good Gates Green Stripe belts again.
CBODY67