First off, I do agree that it doesn't really make sense. Bob's belts are slower, and require higher tier tech and more expensive materials than my belts.
The primary reason I haven't done this is because I feel Bobs belts are worthless. They are way too expensive for what you get. By the time bobs belts are craft-able, the meager 33% and 66% faster speed when compared to express belts isn't all that great. Especially when bobs bots are up to 300% faster than vanilla, and that's before bot speed research has been taken into account. What I'm saying is, bobs top tier belts require end-game materials, and by the time you can make them, bots (especially bobs bots) are far superior to bobs belts anyways. So what's even the point of making his belts, even without Ultimate Belts installed.
So I don't want to put my belts behind bobs belts, since I want my first tier of belts to be available around the same time that bots become available. What seems like a much better idea to me is for my two lowest tiers of belts to override/replace bobs belts. This has been too hard for me to actually figure out, due to how bob is going about adding belts to the game. But if I could figure it out I would happily do it.