I recently replaced the belts on my Sears Celebrity Power 12 (a Smith Corona rebrand if I understand correctly) that were shedding perished rubber with Gates 3M315 Polyflex V-Belts. The typewriter is much happier now; no more bouncing middle wheel or rattling and the impressions are much clearer. Before the smaller punctuation characters (-_.,) had about a 75% success rate, now they work great.
https://www.reddit.com/r/typewriters/comments/1pypbrf/minimum_impression_maybe_too_heavy_on_sears/
Gates 3M315 polyflex v-belts