Are you going from 136 - 144 or 121 - 144? You would probably be ok if only going 136 - 144. That will move your rear axle back 3.75". 121 - 144 moves your axle back approx. 11.25" and that worries me a little.
TeamFast, of course, does not recommend doing this. I think the biggest issue, like you mentioned, is track tension. Does anyone offer bolt on extensions for the M20?
If you do extend, install extrovert drivers and run your track as loose as possible without it ratcheting. I run 1.5" of track sag with my 151" W2. It looks like it would peel off, but it has never caused any problems. I trail ride in UP 95% - off trail 5% , no studs.