I adjusted the timing belt as follows.

1) Put engine on #1 TDC.
2) Loosen tensioner pulley
3) Rotate camshaft counter clockwise 3 teeth.
4) Tighten tensioner.

And the belt seems really tight between the crankshaft and camshaft. On the other side between the cam and water pump it is OK. When I say tight, there's maybe 1/2" of slack either way when I push it. With the old belt, it seemed pretty loose but never gave me problems reving up to 7K on the tach. Am I alright here?

 

Sounds good. Just trust the spring to do it. (You would turn the crankshaft in step 3, not the camshaft). It should be taut on the front side because that is the part that is pulling the cam around. If you have the belt too tight, it will make a louder than normal whirring noise when running.

I like to then turn the engine a full 2 turns by hand with the tensioner locked down, to make sure the timing is right and the valves aren't going to crash. The marks should line up again after going 2 turns of the crank.

 

Thanks!

And that's what I meant, I guess I turned the crank 6 teeth to get the cam to move 3 teeth.