Thanks guys. It is a brand new Centech harness that I double and triple checked upon install to ensure it was correct. Every electrical item functioned properly upon test (except the voltmeter which I had downstream of the voltage regulator, once I moved that upstream) all wiring, lighting and gauges have functioned properly no arcing or sparking. Reads 12 V when off, 12.5 when squealing and 13 when quits squealing.
Based on what Viperwolf and Steve 83 say, I suspect it is because this new pulley is too narrow and not allowing the belt to seat down all the way in the groove for the most surface area contact.
I will try to fit the old pulley on the new alternator first to see if this fixes it as I know that pulley allows the stock belt to seat all the way into the pulley. I thought about changing to the old pulley on install, but I will have to put a small spacer behind it for proper clearance from the alternator housing.
On the Amperage - for the centech harness it is wired as per the 100amp diagram and I added the "optional" 6 gauge jumper for greater than 100 amps as shown by Centech. No arcing, no sparking and wires are not getting hot nor is back of alternator. Only the front housing and pulley getting hot - must be the slippage.
It is sold from Toms with a single belt pulley so I would have assumed that was enough or they would have sold it with a dual belt or wider serpentine set-up?
Thanks!