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Just came back from autozone with the PS and alt belt for my 70 L-46. The LT1 and L46 have the same belts. Your thinking is correct with the alt routing. The ps belt also goes around the wp pulley and crank.. The only thing you have That I don't is the smog pump belt, which I think has a single pulley, and runs to the crank?(3 groove) The wp pulley is 2 groove.
Just came back from autozone with the PS and alt belt for my 70 L-46. The LT1 and L46 have the same belts. Your thinking is correct with the alt routing. The ps belt also goes around the wp pulley and crank.. The only thing you have That I don't is the smog pump belt, which I think has a single pulley, and runs to the crank?(3 groove) The wp pulley is 2 groove.
Here is a picture of my 72 LT1 without the smog pump. You can figure out the rotation from the fan. Hope this helps. Looking at it from the front it goes clockwise.
The smog belt runs from the WP to the smog pump. It is a seperate pulley on the water pump.