Hi Sanuk,
I have recently built a windvane. It certainly makes sailing singlehanded much easier, and it is almost magical to watch it working.
I looked briefly at some of Belcher's drawings, but not specifically at the model you are making. I looked at all the commercially made models that I could find details of, and incorporated their principles in my design using components that I could buy on the internet while avoiding any welding.
All the servo pendulum models use the same principles. The main difference between the better ones and some of the cheaper ones is the bearings. The better ones use ball bearings on all the wind driven axes. It seems that without ball bearings they perform poorly in light following winds.
So I think it may be worth you trying to modify Belcher's design to include ball bearings if it does not already have them.
My windvane is working well now, after overcoming some teething problems. I have only used it in winds between 10 and 20 knots so I do not know how well it will work in light winds.
Below is a link to a video of it working.
http://www.youtube.com/watch?v=ADNiM1sZL50Steve