As I mentioned earlier, I used a belt for final drive since 1995. The drive and driven sprockets (in aluminium) are available from any Formula 440 dealers. The belts are available in a whole range of sizes. The only thing about using a belt is that if it breaks, you need to remove the diff to put the new one on. As far as efficiency goes, I noticed the 2002 UTA car has no grease seal for the front hub bearing. I was told by a team member that this would eliminate the friction between the seal lip and the spindle. I guess the top teams are worrying about efficiency.
Joe