Bearing in mind that I have given this easily 35-45 seconds of exhaustive thought and planning… 
I haven’t built the 4 yet as I’m redoing a ton of things in my shop and haven’t gotten to the breaking down my 3 for parts yet. But I’d start with building the 4x4 bed area with the extension in place so I can more or less level the bed using swing away or otherwise moveable/temporary supports/legs. Install the Y rail(s) so they are completely in line with each other so there is no sway, and with the ends butted up against each other so any little bump would be minimized as the machine transitions across.
The 3 used a 2 part piece for the belts so you had a base that never moved and a removeable belt holder. I’m guessing but don’t know for sure on if the 4 does as well. So from conjecture alone that it is the same…
Install the max Y belt base positions firmly, install the Mins as well. Find a half way point and install a 2nd set of bases in line with the outer points.
Put the belts through the holders as normal on the MAX positions but feed the belt through without the double-back to lock the mins, so the piece can slide along the belt. Make a clip to lock the belt once you have it in the position you want.
So in practice, you have the bed full extended, move the machine to the main table, remove belt MINS and slide the holder to the mid table position, tension belt and install locking clips, Lower table extension out of the way entirely, and you are at your 4x4 bed.
You’ll likely need 2 different pullbacks for squaring, but once you square both table sizes you’ll just jump into fluid and put in the right ones for that table and you should be set. You can probably macro that so you just push 1 button actually but I’m not a fluid guy so don’t take that as gospel.
The main bed would be more solid than the extension, so all carving and real detail oriented work should take place there. But for cutouts, doing cabinet style work where fine detail isn’t needed, the full table should be useable.
That took 10x longer to type than I’ve actually put into it. But I can see it working in my head, and I’ve done a TON of reverse engineering on items. If I can see it work, it usually does 