Don't have the shopsmith bandsaw but I do have this blade. Make sure you get the additional information on how to tension it from Highland and I hope it works with the shopsmith band saw.
This is a GREAT blade, best I've ever had since I've had my bandsaw (early 1970's).
I bought one of these blades for my Shopsmith bandsaw and it seems to work fine with the normal tension settings. Highland did not provide any specific instructions as to tensioning it differently. I went to the Highland store as I live relatively close (50 miles) and talked with the staff at length about this blade and other woodworking topics.
What information did you receive regarding tensioning the blade?