pulleys???
I would levae the alternator pulley alone. Chances are if you need an overdrive pulley for the alt you already know this because it is to support things such as aftermarket stereo equipment that takes more electricity.
I have the 'SLP' underdrive crank pulley. Had it for a year and a half, I think. Works well, no problems. Pulleys typically net around 0.1 ET reduction/1 mph gain in the 1/4....or close....well worth the relatively minor expense.
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In older motors, the crank pulley served more of a purpose than to just turn the belt, it actually helped balance the motor. LS1's are internally balanced. An "underdrive pulley" for an LS1 refers to a smaller crank pulley, which turns the accessories slower, and helps to free some power that the car would have to waste on accelerating the water pump/alternator/power steering.
You can also take it a step further and run an "underdrive alternator pulley", which will spin the alternator even SLOWER. This frees up even more power, but you begin to run the risk of your car not recieving enough charge to the battery. If you have a big stereo or something, and want to run an "underdrive pulley" (crankshaft), you can put on an OVERDRIVE alternator pulley, which turns it faster. You don't free up quite as much HP as if you just stuck on a crank pulley, but you'll avoid charging problems.
That being said, 90% of the people on this site just swap out the crank pulley for an underdrive unit.
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If you get anywhere near 0.1/1mph it is well, well worth the money. Try doing an et/mph/hp per dollar calculation on most other mods and see how it compares to a pulley.
Why don't you figure the hp/$ for things like a cam, heads, blowers, etc...



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