I understand your concern, if Honda engineers decided that rubber was needed of course there must be a reason....HOWEVER...I have doubts that they thought about the risk to hit the Timing Belt in case of failure.
If idea was to just to absorb the A/C shocks they would bound it in the AC compressor instead, I agree to use it as a crankshaft damper to reduce its harmonic twisting angle..
Does the S2000 engine also have this rubber? How long would last the engine without it?
A F1 engine does not use a HB at all, because they have no AC compressor or belt driven alternator in the first place:biggrin:....but of course they are designed to last just a couple of hours or so....
The crankshaft is put in rotation via the rods, themselves pushed by pistons etc… etc… to transform this translatory movement into rotation. Each explosion shakes all the moving element violently

All these vibrations are stopped on a side by the driving wheel, which boxes all and restores a median value of rotation, but side pulley, it is free, and that panics. For you to represent it, imagine a firmly fixed metal stem on a side, free of the other. Type above. She will be traversed important vibrations, and which will make to and from (frequencies of resonance, harmonic and Co). With your crankshaft, it is exactly the same thing, the rotation of this one not preventing of anything traverses it harmonics.
A crankshaft which vibrates, will damage the bearings quickly, as well as the stages of the block, will then decrease the oil pressure, and all the cascade of problems which will result from this

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