good point.. but no.. belt first!
belt play (or pulley distance for that matter) is much more critical than sprocket distance...
or let me put it another way:
it's easier (cheaper) to remove one more link from a chain than it is to buy a belt of different size
within the distance of a link of chain or two, you can (or at least should be able to) adjust both.. the jackshaft and then the engine according to it to regain ideal pulley distance.
So .. mount the engine centered in it's slots; do the same with the jacksahft and measure the center of PTO to the center of the jackshaft.
pick the closest belt to that and mount it (adjusting both.. engine and jackshaft to meet the ideal pulley distance for that belt)
then fit in the chain...
you should have enough wiggle room on the engine and the jackshaft slots to perfectly adjust the chain (there are half links just in case you need one)
'sid