… I have the same wheel mounted on My Cleveland.
Your Pick-Up is mounted properly. I would Remove the 3/4" spacer to bring the Crank pulley Back into alignment, and take a angle grinder and grind the waterpump interference into Clearance. There Is NOT Going to be an abundance of 'Room', for anything on these Panteras! That Timing Wheel clears the Lower Coolant hose by Only 1/8", on My Set-Up! If this, then, puts the pick-up MOUNT into Interference with the Shown Fan-belt...take a Hack-Saw and Cut the Mount Back!! If you prefer a 'Finished' Look, cut it off on a Milling Machine, as I Did! I had to Modify the pick-up Mount. MJ
…Just A Suggestion, You don't have to do this, to make the above Work. This would be a Great Time to change over to the 'SACC RESTO', Overdrive WP Pully (Smaller).