Both sides of the belt carry the load, what Wes is saying is that the weight actually slides over closer to the motor so it's not hanging out near the end of the shaft.
My motor/TC is hanging off the shaft like yours and I haven't had an issue yet (same with many others here), trick is to size a crank bolt to be as long as possible without bottoming out, clean the pto threads very well and use blue threadlocker.