belts might or might not work in this application but if your just worried about harder materials most of the hobby machines I have seen using servos use them and there are some out there cutting hard materials with very little problems(as far as hobby machines go) So I dont see why belts would be that bad on a rotrary axis.
Personaly I think the biggest challange will be the wiring and keeping it from tangling. The post earlier on the add on head for the fedal (*****en link by the way! thanks!) looked like the head was spining around more than once insted of unwinding in the reverse direction. This could pose some unique problems with the wiring runs.
edit: as far as horse power goes I have seen some 200hp hardley davidson customs with timing style belts so they can be built for the HP of your app. Although I must say I am just playing devils advocate as I personaly would go with gears for any machine I made in with this style head.
thanks
Michael T.
"If you don't stand for something, chances are, you'll fall for anything!"