The pulley does decrease alternator output on idle by 1 volt but i am unsure of the amps at low rpm in the alternator. I will have two options for the pulley OEM sized and under drive. The pulleys also have a stainless steel sleeve for the crank seal.
If you're dropping 1 volt at idle, the alternator is probably not charging at idle - measuring voltage (as against measuring amperage) is really not the best way to determine the decrease in alternator output.
If you were to monitor battery voltage on a normal vehicle (doesn't really matter what, as long as it is alternator equipped), with no electrical accessories running, you should see approximately 12.5V (+/- 0.5V) engine off, directly after engine start it should jump to around 13.5 (+/- 0.5V), and this is with the alternator charging the battery to replenish the energy used to start the engine, and as the battery approaches full charge, the voltage will gradually rise to around 14.5 (+/- 0.5V) - once the battery is at full charge, the voltage will stabilize and may reach as much as 15V. What most people don't understand is that because of the voltage regulator, the alternator is outputting the highest amperage (the actual number will depend on the battery's state of charge) at the lowest voltage (engine running - 13.5) and the lowest amperage (just enough to run the engine), when the voltage is highest (14.5).
Now - depending on what you consider "dropping 1 volt" - is it - for example ...
- engine off 12.5 (+/- 0.5V), engine started 11.5 (+/- 0.5V) - you're definitely not charging, and actually discharging the battery.
- engine off 12.5 (+/- 0.5V), engine started 12.5 (+/- 0.5V), and not 13.5V (+/- 0.5V), as it was before the pulley was fitted - you're probably not charging, or charging at a very low rate.
And yes, you can run 100,000 km with that set up, once the revs are over idle, it will charge, but at a lower rate than normal, you'll be cutting into the "cushion" of safety that most manufacturer's build into their equipment, and a heavily loaded system, driving lights, heater fans, etc., perhaps on a cold, snowy winter night, just might leave you stranded.
The point is, as Novadon indicated, underdrive pulleys don't produce power - they reduce parasitic loss, but at a cost - hence the caution.