Here's the video of the making of the first test batch of microdrive pads:
http://www.youtube.com/watch?v=hzdYoEA0CQw
After this we dialed in the laser settings and we're really happy with the results.
I replaced the pads on three cartridges and left them formatting repeatedly for 24 hours. I then disassembled the cartridges and examined the back of the tape for wear and for debris in the cartridge. I found no visible additional wear over each cartridge before fixing. All the cartridges would format reliably.
I then took an unreadable cartridge that had lost its pad (but that would still turn smoothly, so I could guess the pad hadn't been drawn inside the case) and restored it to functionality. Two sectors were not readable, but the tape had been scratched quite heavily on the back before the pad was replaced. 203/205 is better than 0/205

Rich, the laser is an option to use to make the ZX printer belts. It might be more cost effective than making a tooling. I'll keep you posted.
The store is in test mode at present, but it will go live towards the end of this week. I will make a post when orders can be placed. I invite people to register on the site using their real details, then fantasy shop using CC # 4242 4242 4242 4242 exp DEC 14 with CVV "123" - this will allow me to see that invoices generate properly, that mailing works properly, and that postage and QUANTA discounts are working correctly. If anyone sees any problems, could they mail me privately and let me know? I'll send a little bonus to anyone finding a problem.

Thank you everyone for your support and encouragement in getting me this far.