This is just my (somewhat) experienced opinion:
Since you have the tool, pop the crank off, replace the seals, replace the tensioner, and have another 50k where you KNOW that nothing in there is going to break. Unless there is some sort of part failure, that is.
I think that's not too bad a choice. Besides, you have a nice Volvo timing belt in there; why not just chalk the cost up to "should've done that" and do the work when the weather is nice some afternoon. Although in all honesty, it will "probably" be fine if you don't touch anything. The dealer might have tried to get you for a tensioner if it was that bad. If not... they were missing out on a pretty easy sale.
I had a similar thing happen to me; I neglected to check on a strange noise immediately after a timing belt job. It turned out that I ended up getting towed 50 miles to Sawyer Imports in De Kalb, IL, and spending $200 to re-do what I just did. Plus $100 for the tow. Nice way to dump $300 that should've still been in my pocket. But that is how it goes.
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Chris Herbst, near Chicago.
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