The 2.3l and 2.9l were Cologne engines not an Essex these had only two inlet ports per head instead of 3.
I remember a couple of test drives when my dad was looking to change his car in the early 90's. 2.9 12v Cologne engined Scorpio (seiously asthmatic) followed by Senator 3.0 24v. Felt like the hand brake had been taken off when we got into the Senator!

Guess what he bought?
It's interesting how some manufacturers alternate between belt and chain. Ford surprised me with the Zetec-E engines. They engineer a perfectly reliable belt setup that is spec'ed for 100k/10 years (and they very rarely fail within that period). Average Ford owners generally aren't the most dilligent at servicing - so find any weaknesses if they exist.
What do they do? Replace it with a chain driven engine!

The fact is, both will suffer if neglected and both need some maintenance, although the belt change intervals on the GM engines is disproportionately frequent.
Belts are a lot easier to service than chains.
I'd much rather buy a car with a belt, change the belt and know that everything is OK than wonder how dilligent the DPO has been with oil changes on a chain setup.
Kevin