I think the 34 in the EG belt is a little smaller than the usual size 34 belt. Granted, the APCs were lower on the waist than most of my jeans, but I had to use the second to last hole on the belt for a while until it stretched a bit, rather than the middle hole. Now I'm able to use the middle hole, though I'm a little worried I'm going to stretch the belt way out of shape doing that. BTW, LA Guy advised me to wear the EG belt "backwards" so that you had to flip the latch up to quick-release it rather than flipping it down, because of a possible danger of inadvertant release, but I decided it was too weird wearing that way and I haven't had any misfires yet. I just wear it the normal way.
The belt stretches after some use, so i'm afraid that my measurements wouldn't be of much help. I actually had the same experience as j., to the point that wearing the belt at the 3rd hole is sort of loose. Then again, I hitch my hands on my belt a lot, and it tends to stretch the belt out more than usual. Again, if you can wear a 29 in the rescues, get the 34' belt, not the 36", which will probably be too long. Brian has a true 29-30 waist, and the 32 belt looks fine (great, really) on him.