Without going back through the whole thread to see if I commented in here or not, I personally like the ease and simplicity of the serpentine belt, it's quiet and operates awesome even when wet.
HOWEVER...
After running both through my years now,, (making me sound old)
Just a few years go, I had to go rescue my mother while she was on a 150 or so mile road trip to go visit someone, she was on her way back and called me to tell me she was on the side of the road with a major power steering problem, fluid leaking out everywhere and whatnot..
I automatically assumed the high pressure hose... So after calling around for an hour or so, trying to find this hose for a '94 Silverado with a 4.3v6, I found that Carquest had one in stock, went & bought it, drove about an hour out of Phoenix to where she was, looked over the problem and realized all hoses were fine, but the front bearing of the power steering pump had siezed and come apart. Essentially making the truck undriveable until the pump was replaced, because naturally, everything else needed that belt to run, charge, stay cool yadda yadda... I was not happy and ended up tow strapping her and the truck all the way back to Phoenix,, something like 60 miles.
ALSO,,, as mentioned previously in one that I did read in here,,, I did at one point have an alternator bearing let go and actually had a small fire inside the alternator when I opened the hood,, again, stranding me on the freeway, luckily I was inside city limits, but was still in need of this type of rescue..