The cogged belt is the best choice if you are using an alternator, due to the smaller pulley size. Works good for the regular generator also for that matter. The cogged or notched belt, as it might be refered to as, is a lot easier on the water pump bearings. Less belt tension required.
A belt pulls on the sides. With a cogged belt lot of the side is missing. Makes since to me you would need more tension to make up for the smaller surface area in the sides. Am I looking at it wrong?