I have worked with "labyrinth" seals in many industrial applications but I am sure you are correct that they were used in some mower decks but I can't remember working on any.Since you are a tool and die sort of fellow, I think you will appreciate the following.
The later 40" and 50" Gravely mower decks used no-contact, labyrinth seals with tapered roller bearing in their spindles. This eliminated all of the issues regarding seals and greasing.
Excess grease contaminating the belt is not an issue as the pulleys sling any grease away from the belt.
The only problem with the labyrinth seal is that most shade tree mechanics has never seen or even heard of it let alone know what it is and how it works.
Can you explain your remark "This eliminated all of the issues regarding seals and greasing" because in all applications I have encountered, their purpose is served by having expelled grease to discourage contaminating entry of debris. Although not revalent to deck applications, their use cannot be used for submerged components.
I, personally, do not want ANY grease close to a belt application.