Boy, I'm glad this string resurfaced. It is full of great information about bandsaws. On tensioning. On my fourteen/12, I set the tension to a bit below the mark for the blade width, and with the blade riding center of tire just behind the gullets, I feel the blade for deflection. It deflects with moderate one finger pressure about 1/4 inch, and tracks straight I'm happy. Seldom run with more tension than that. Although I have (and love) the Resaw King, I am quite happy with resaw results even from the half inch 3tpi Laguna blade, which looks a LOT like one of the bimetal premium blades.
And I do love the block guides. Really easy to set since they ride (lightly!) on the blade. These get set AFTER the blade is running true. I keep a little 12 inch Rikon in my shop so I don't have to change blades very often on the Laguna. The Rikon is a relabeled standard machine I've also found labeled as WEN and a couple of other brands. Same saw. The Laguna lives in the garage and is mainly for stock preparation at this time. My tools are split between the shop and the garage.
The more I do, the less I accomplish.