Dan, they should be almost "dead on" in alignment with each other. DId everything align before the restoration? If so, then have you replaced any of the items that affect the alignment of the pulleys: water pump or balancer? Even though your engine requires a short water pump, there are differences in the hub height (or length) which could cause it not to align with the crank pulley, that is if you bought a new one from a local parts store. This is something I have run into over the years when having a problem with pulley alignment as those are usually found to be wrong.
As for the alternator alignment, that is pretty severe, almost a belt width. Can you post a picture showing how everything is mounted? That might help to see if there is anything possibly mounted incorrectly, or even possibly a bent bracket. There is an unrestored car here locally that I can look at tomorrow that would be the same as yours to see how it all goes together. The only difference is I think he has power steering, which really be that much different other than the crank pulley..............RatPack......................
