As for the underdrive pulley:
Yes essentially it drives your alternator, water pump, a/c, power steering etc 20% less.
By reducing the power used to run these things, more is freed up to be used at your wheels.
I was worried to begin with, that driving these less might be noticeable somewhere, but it isn't, steering feels exactly the same, no electrical or voltage problems (checked with multimeter too, difference is next to nothing), no overheating or temperature related problems, and as for the a/c, I haven't timed the difference it takes to defog the windscreen, but it still seems as though it hasn't changed at all.
Which makes sense, think about it... When your driving, you're between 1500- 6000+ rpm, that's a huge variance in drive speed already.
reducing that by 20% even at 1500 rpm, basically means ur only running the accessories at 1200 rpm... Which is still well above idle and more than enough to drive everything...