Thanks, folks. I'm worry free again. Here's the money quote from Bevo that LesBlank directed me towards:
"make sure the belt is tracking towards the outside of the rear pulley. if you're still not sure, then i'd take it to a Yamaha service shop. when i took my bike in to a well respected and experienced independent mechanic, he ended up having to consult with both Yamaha HQ and the local Yamaha service shop to diagnose the issue."
Also Baron58 confirms:
"Most all belt driven V Stars, the belt tracks to the outside of the wheel pulley. This is because the drive (front) pulley and wheel pulley are not centered on the same plane. If you take the front drive pulley cover off, you will find that the belt is dead center when it rides to the outside of the rear pulley."
Thanks, everyone. I should have used the forum search facilities rather than google. Even if you find the right topic on a google search it will (99% of the time) be a HD oriented video or article. Now I know. Come here first.
Also, it just makes sense since there is so little room for side to side movement on the rear pulley anyway. It would be such a tiny range of movement to either side to be off dead center that it just doesn't seem rational to expect it to be centered. Confirmation is a wonderful thing.
Happy riding, y'all. I'm expecting clearance from the doc very soon to climb back on. The knee is ready. I'm ready. The weather is here.
Time flies like an arrow.
Fruit flies like a banana.