Brendan, when you said "it went out", ....exactly what does that mean? Did it start leaking? Did it break in half??
I also am not sure if you have a V-8 pump with an adapter or a regular-style Model-A pump. Generally speaking, if a serpentine belt is used on a regular Model-A pump, the natural tendency is to tighten the belt too tight which ruins the front bearing on the pump. With that said, I also do not see a value in a serpentine set-up. I do see the value in a race car application where parasitic Hp draw is a factor but when the original belt is properly installed, the Hp consumed is negligible and the water pump wear is all but eliminated. Might I suggest if possible that you revert the system back to an original style pump, fan, and belt system.