Typically, most tape drive motors don't have much improvement if you replace the magnetic band with neos.
Output is already limited by the wire size, and tape drive motors aren't known for being able to handle the most current.
What RPM is this motor designed for? If it is a high rpm motor (thin output shaft), it will be difficult to get much power out of it unless you rewind it.
If it's a low rpm tape drive motor, I'd recommend you use it as it is. Any further modification are probably more effort than they are worth.
If it's a high rpm tape drive motor, I wouldn't bother with it.