I am not running the exact same set-up as you are describing, but it is very similar. I am using 26" wheels, a whizzer sheave (15" diameter) and a torque converter like
this, with a 5 hp briggs and stratton engine.
I don't completely understand your description, but on my set up I am running a 4" pulley on my belt that is attached to the rear wheel. This pulley is on a jackshaft mounted to my seat post. On this same jackshaft mounted outboard of the 4" pulley is my comet-style driven clutch. My driver clutch is mounted to the engine crankshaft.
This set up seems to work well for me. I can climb some pretty steep hills without pedaling to assist and I get a top speed of around 32 mph on a straight flat. My speed numbers may be misleading, because my engine does not seem to be running at its true capacity. It seems like with this set-up and a 5hp engine that is actually putting out 5hp, the bike should be able to go up to 40. My bike is fairly heavy though, I have a battery, vintage (heavy) back rack, 2 gallon tank and a lot of metal added on for gussets and bracket braces.
Also,
here is a ratio calculator that I found helpful.
Hope that helps,
Gilbert