I cant address the gear drives, I know nothing of them, however I can address the Franklin type belt drives. In the Seismic research business, we had a fleet of 37 airboats. around 30 were 16-18 footers, GM 454-425 Hp emgines with the big drive unit. Running anything from plain wood stick to warp drives. The other 6-7 were ZZ-? 350 SBCs on 15 footers. These boats ran 12 hour days, 6 days a week, with some real idiot, ego driven workers. Generally the boats were loaded with a ton of cable and a driver plus 1-2 laborers. 47 Gallon gas tanks, and a 25 gallon sprayer plus 2-5 gallon gas cans.
In around 3 years I was there I never had a unit go bad, but shop wise I think I kinow of 3-4 big-end main bearings that were changed out and maybe a dozen belts. Engines blow more frequently than these drive units, and all our engines were factory new crate motors.
We had a couple of 502/502 engines with the same big drive and 3 bladed sensenich composites and never had a problem wiht them.
We had 5 28-35 foot multi engines boats with the BBC in them and I never saw one out of service for engines or drives.
For reliability they approach strait drives with the only caviet being keep em greased and monitor the belt tension.
Anyway, you figure the hours on a work boat compared to a sport/pleasure boat and I am just all kinds of impressed with the belt drives. The 3 years I was with them hour-wise was like about 10-15 years of pleasure boat use and that many boats with really LOW maintenance and damned near no failures. Absolutely incredibly reliable.
Anyway that my first hand experience with them.
Scotty