Inspect the current belt.
cracks in the belt running ACROSS it are normal, and acceptable, as long as the cracks aren't all even with each other. If a crack runs across one rib, then there is another crack on the next rib, but 1/4 apart, etc, then its fine.
when there is a single line across all the ribs it is time to replace.
If the belt has cracks running WITH the ribs, replace it
If the belts edges are worn, frayed, or torn, replace it.
Get a GATORBACK brand, if you get the chance.