If however all friction in the system, that being conveyor and wheel bearings is eliminated (theory only) and friction only exists between wheel and conveyor then if the speed of the conveyor equals the thrust of the engines then you have a tread mill and the aircraft will not move forward.
If the aircraft was bolted to the ground, the we would all agree that it would go nowhere. So when we put a system under the aircraft that says forward thrust is neutralised by the reverse motion of the conveyor on the wheels do people then think that the aircraft will fly.
You're the only one here that actually did a practical test so I find it difficult to disagree with your findings. Surely the point here & what most people seem to be missing is that the conveyor should have no effect on the forward thrust of the aircraft at all.
Going back to the original question, it's not clear what the speed of the conveyor is relative to, groundspeed or airspeed of the aircraft. This would make a big difference to the maximum speed of the belt but in either case it assumes that the aircraft can in fact move or it would all remain stationary.