If you put the motor sprocket under the T/V-slot extrusion and the return pulley above the extrusion, the belt can ride in the slots and you will not lose any Z height. Picture this on 2020 extrusion:
The belts tuck inside the slots nicely, and only need to come out where they attach to the carriage.....
The belts tuck inside the slots nicely, and only need to come out where they attach to the carriage.....