V belts work by creating their own pressure as they are drawn into the groove.
If the geometry and materials are correct, they need only a tiny amount of initial tension to start working. Under higher loads, they pull themselves deeper into the groove, creating more pressure and thus grip.
If you start out with high initial tension the belt will constantly be deep into the groove, resulting in high friction and wear on the bearings, belt and pulleys.
If the belt is slipping, check for a heat-hardened belt or a pulley with worn grooves. Rather than increasing the tension, fix the problem and decrease the tension to prevent the problem from recurring.