Maybe we shouldn't get carried away trying to diagnose this from one quick cell phone picture. It is very hard to make anything look straight with those wide angle lenses. The belt does ride low but that would make it run slow.
First off, I would not rely on the RPM app exclusively. Place a mark on the platter edge, use a good stopwatch, and count the revolutions in three minutes. Should be exactly 100. If so, you're done.
If it really is running fast, some logical thinking is in order. The only things that can make an AC synchronous motor belt drive TT run fast are 1) drive pulley too large or belt too thick (which has the same effect), 2) inner platter too small, 3) line frequency too high. (The suspension height really has nothing to do with it; the belt will find its own place on the pulley and after a few revolutions, will ride on that same height on the inner platter.)
Unless somebody took a sander to the inner platter, we can rule out #2. The belt is genuine so that's also unlikely to be the problem. As for the drive pulley, it looks like the correct one to me. Is there any residue build-up on the lower section?
Which leaves us with line frequency. I have no idea what the power grid is like in your area (or anywhere else for that matter) but 33.71 is only 1.14% too fast. Probably not out of the question that your AC power is coming in at 60 x 1.0114 = 60.684 Hz.
I would also use a good old stroboscope disc. Most people think those are speed checkers. Well, not quite, with an AC motor. Unless you have an independent light source, you're really checking one device running straight off of AC (the motor) against another (the light). Meaning it's possible the strobe disc will read perfectly but the speed is still off, because the AC frequency is off to begin with.
I'm going to stick my head out here and say the strobe will find it's running slow right now, because the belt is not running on the largest diameter of the drive pulley. If it's spot-on by strobe, but fast when you use your app or count the revolutions, then the AC frequency is your problem, and you can either live with it, or get a separate power supply that generates its own 60Hz wave.