Okay,
the good news: it's indeed a series 40..
the bad news: it's the worst imaginable setup of one
Allow me to explain;
the driven of a series 40 is meant to be mounted with it's cam facing inboard
(ie the protruding thingy towards the engine)
That is how it was designed and indented to be used.
Now in rare occasions it is necessary to flip the driven outboard.
(like you have it mounted)
in those occasions the driven MUST BE modified.
namely: it must have a reverse wound spring installed (it's yellow to distinguish the two apart)
and preloaded the other way around (yours is properly preloaded for the red spring.. i.e. INBOARD mount!)
IF the driven is mounted outboard it must be allowed to float 7/8" inwards to prevent belt offset and the accompanied additional unnecessary belt wear (a belt is not cheap.. especially not on our side of the atlantic)
which effectively renders the backplate a terribly useless product!
Sorry, but that TC cannot do it's job at all, and thus is only wasting engine power.
it sticking is more than just likely the offset belt causing the issue,
because of that terrible terrible backplate crap!
three possible solutions..
1) get a longer belt, remove the backplate and install a jackshaft behind the engine to mount the driven inboard as it should be
2) get a yellow spring and install that, preload the driven the other way around (always preload
tightening the coil of the spring) and ideally flip the driver inboard do reduce belt offset. you'll need a longer jackshaft to do so (the driven must move a fair bit out)
3) drop the series 40 entirely .. it seems that you got a small enough engine to install a 1" bore series 30 instead. (TAV2 Kit)
it's lighter adds overdrive and handles up to 240cc engines quite nicely (yes also modded ones up to 5500 rpms for sure.. higher rpms and you neeed some tinkering

)
Sorry, I know that's not what you wanted to hear,
but that stupid stupid backplate was a massive brainfart
a rather reputable online shop came up with
not thinking it through enough.
And chinese sellers hopped onto that bandwagon without realizing all the drawbacks and worse not even adding the necessary reverse wound spring selling it with the stock setup driven unit.
There is very good reason hoffcocomet never made a series 40 with a backplate themselves.
(and it's not that they didn't like the idea of earning a few bucks more.. it's because it's a bad idea to add such plate int he first place

)
'sid