drawoh,
You're absolutely right, a belt drive completely slipped over my head; and yes, I was looking to have 3 to 4 connections and space is crucial, so the 7:1 ratio sounds perfect. I'm going to be using mountable bearings with keyed shafts and a steel enclosure, and I want to minimalize the displacement of the system. Also quietness was a factor, so belts will definitely be a viable solution. I just needed to reach an rpm range of 500-650 to power a generator. Inertia shouldn't be a problem, as I've made necessary adjustments so that it won't effect the generator itself.