Well yes, that would work, but so would a narrow knurling wheel.
Have you got first hand experience of that method Daniel? If you have could you post up some pics of what you use and the results you achieved?
I haven't had any success that way, I've had better, but still not what I'm really after with a stipling method I tried out.
Nope, not done it myself, but have seen it done on a slightly larger scale (1/4-1/2" round belting) and it seemed to work out fine. Can't see why it wouldn't work out on our size of scale pulleys as well.