A serpentine set up from a 5.0 explorer is becoming a popular swap into early bronco's for radiator clearance.
A Early Bronco 66-77 V-8 or a small block Ford V-8 up to 1969 water pump is also shorter than
a 70 + small block but the shorter pump lower hose is on the passenger side.
I have a 351w in my 75 bronco and running 3 V-belts at the moment.
2 for the alt and PS , I have a 3rd. that run's a york pump for on board air.
I remove the 3rd. belt for daily driving.
You may get 5/8" if you use Early bronco water pump , pulley's and brackets.
A 1969 mustang has the same water pump as a Early Bronco , I am not sure about the pulley's being the same.
I did find measurements once , maybe at Edelbrock Water pump page , not sure, there is only like a 1/4" in length difference but the main reason it's shorter is in the pulley configuration and not the length of the water pump.