HarrisonTX
1/2 ton status
The big hole, not he one that your finger is pointing to was part of the stock air cleaner housing and does nothing now. I am not an expert, but I dont think that the pump is driven with serp. From what Ive read and seen on here( I think) the half serp. also catches the alternator, and yours looks to be v belt. I was thinking that one of the emmisions experts would of chimed in by now, as I am am talking at the highest extent of my knowledge right now, which aint much. HoustonTX is right about cleaning the eng. compartment up, but I dont know about emissions in your area, although its obviously not working correctly now anyways.
If he has factory stuff, then your right, it is half serp, have v-belt. I only know because i own an '86 also, and i was reading in LMC. It said '86 was the first year for a v belt. I had one serp belt, and 2 v belts. one was a v belt for the
single v belt - AC, PS, and water pump, crank
serp belt ran - alt, water pump, crank
second v belt - crank and air pump aka smog pump.