few things to consider
I am going to try to give you heads up on a couple of things, you'll probably figure out on your own but hopefully I'll save you some unnecessary fabrication.
first off the carriage looks much better, but I think you are going about it the wrong way, you are more concerned about engine placement as far as being centered, your concern should be clearance, you got 12 inches now, but if that belt cuts at an angle, it will be in the way and limit your capacity, the HF mill is like that and that is part of the reason it can only cut 4" deep.
either a 3rd idler pulley could help with that or mount the engine directly above the drive wheel for maximum clearance. well what about the center of gravity? that is why you should consider a 2 cable lift mechanism, I cant see exactly what you have done so far and it is kind of hard to word this, a drawing would help, it looks like your cable runs in a U shape, probably fixed at one end and connected to the winch at the other, no mater how hard you try to balance it you wont get it right, for example you may be in balace dry weight but by the time you fill up the gas tank and the water tank, it may be out of balance, in theory one wire works in practice it may differ, your best bet is to run those wires in a W patern with the pulleys at the bottom top sides fixed winch in the middle, something along these lines, this way both wires will lift an lower exactly the same regardless weather your carriage is balanced between the uprights or not, this gives you the flexiblity to mount the engine directly above the drive wheel, closer to the operator for easier control, maximum clearance or whatever else you want to do,
quit thinking about colors and switch to functionality, you wont save any money building your own ( you probably figured that one ) at least build something I can be jealous of and kick myself for not taking the time to build one.
not sure, still haven't unboxed mine but I saw some pics, I think even the cheapo HF mill has an independent cable system, that should be your next consideration and than you can mount things where it is most convenient, easy to operate, maximum cut depth and width for what it is etc, it will go up and down a lot smoother than the one cable system, no mater how much you try to balance it or how much cut capacity you sacrifice, it will save you a lot of trips back to the drawing board too.