T-bone
The problem with that idea (besides complexity) is that you lose most of the advantage of running an external flywheel because your gearing ratio is much reduced. Using the effective mass analogy as given above, a 5 kg flywheel of 150mm diameter coupled "outside to outside" would add about 3 kg of effective mass to the platter.
As a contrast, the motor arrangement in the "Saskia" table adds an effective mass of about 85 kg.
In any case there are other ways of addressing the limitations of belt drives regarding creep (which is what I assume you mean by "the belt tension issue". There will be a completely new take on the issue exhibited at RMAF come October if everything goes to plan.
Mark Kelly