If I was to refurbish AMC Eagles for resale, I would make them all with 4.0 blocks, 4.2 flywheels, T5 transmissions, 4.0 serpantine belts, 4.2 intakes, 4.0 exhaust headers, GM HEI dizzys, and GM Throttle Body Injection utilizing a stock Chevy fuel pump mounted at the bottom of the AMC Eagle fuel pickup line. The 4.0 blocks give you cheap performance camshafts and heads as well as ease in using serpantine belts. The TBI gives negligible performance differences to both 4.0 MPI and 304 V8 performance without any of the hassle or complexity and less than a third the cost.
The T5 manual transmission is the perfect complement to the size of the car and yet it is the cheapest and easiest to source and rebuild than all the other options. It is only lacking when it comes to MPI because it is difficult to mount the necessary Crank Position Sensor. The TBI doesn't need this sensor, however, so it complements the T5 perfectly to make a car with nearly the exact same elevated performance with considerably less time and cost to create.
Since that is the arrangement that I consider the most sensible and high performance for low cost, you're not too far off by looking at serpantine belts. Instead of buying the belts and brackets, you're better off finding an entire 4.0 engine and then putting it in your Eagle with the 4.2L flywheel and intake manifold. That's a huge upgrade for very little cost or swap complexity.