so is it supposed to run like that offcenter?

It seems to be ripping little strings out of the belt. It looks like its too far in my opinion.

I will take some pics tomorrow of the belt for you guys. I want to seal this thing up, but the burned rubber smell isnt really what i expected. Otherwise the car runs great.

Any other signs? does it mean the tensioner is too tight or too loose if its doing this? I noticed if i tighten it the seems to run off even more, but no results if i loosen it from the 3 to 4 o clock position. Just more wobble.