Guys the parts themselves create a certain amount of resistance due to the design oand clearances of the parts. such as friction inside the alternator or power steering pump. The pulleys are design to reduce the 'feel of the friction. Its plain as the nose on your face. when rolling down a hill and "pushstarting" a truck 37's will turn it over easier than 31's. Same principal, the larger (underdrive) pulleys allow the accessories to turn slower than they would with smaller pulleys. But the amount of work the engine does to rotate that accessory is lessened. Anybody race Xmods? Swap the gears and little electric motors?
They dont free up all the drag from the accessories, but they lessen the load by a percentage. 10% underdrive pulleys require 10% less effort to turn the alt or steerign pump or a/c compressor. However that accessory will turn 10% slower as well.
I think you've got the idea, but it's a little backwards. This ^^ is basically correct, except the underdrive crank pulley is actually smaller than stock. They consider them underdrive, becasue they underdrive the accessories. The accessory pullies remain stock size (unless you get the alternator overdrive pulley which is smaller), and the engine crank pulley is reduced in size. The overall effect is the same as increasing the size of the accessory pullies though.
For example, if you put a smaller pulley on a supercharger, the supercharger spins faster (overdrive). If you put a smaller pulley on the supercharger's power source though, it has the opposite effect, and reduces the speed of the charger, or underdrive's it. Same priciple here, except instead of a supercharger, it's an alternator, and a water pump.
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