Yes it will work fine, with two "alike" batteries. All gm diesel trucks are wired this way. The alt charges to one battery, and then connects to the other battery with large battery cables. I would definitely suspect the belt slippage. Mark your tensioner at the "at rest" position, then remove the belt, and let the tensioner travel to it's lowest position, and check the marks that you made. The tensioner should travel well past where the marks are. If it doesn't, then the belt may be too long, and under acceleration, it may stretch, and allow slipping. Another problem can be caused by a buildup of belt material in the grooves of the crank pulley. Remove the belt, start the engine, and run a wire brush in the grooves, until clean. BE CAREFUL! You can overheat the engine very quickly, with no water pump turning, or worse yet get your arm ripped off.


