The pulley is pressed on and off the pump's shaft with a special tool.
There is no key or anything keeping it from turning or nut holding it on, so it better be tight.
I think you'd be better off with some kind of straight edge, like a 2' level, to determine if the sheaves are aligned.
The picture looks to me like the power steering pump is setting too far back (but maybe
I'm confused?)
You don't want the belt too tight.it will kill the bushing/bearings in the PS pump. Typically 1/2" deflection.
With a straight edge laid over the belt and pulleys push the belt down with your thumb in the middle of the run. Is there enough room to put the tip of your pinky in there?
Jim,
Lil'Red is a '87 F250 HD, 4.10's, 1356 4x4, Zf-5, 3G, PMGR, Saginaw PS, desmogged with a Holley 80508 and Performer intake.
Too much other stuff to mention.