as a follow up, I did get the smaller W/P pulley cut and it made a considerable difference.
The new pump put my W/P ratio at 1.25:1 I took the car out for an extended run in both stop and go and open straightaway driving and temps never reached 210*. OAT was a bit cooler at around 90* and am still running the stock style 180* tstat with the hole drilled.
So I finally have seen an improvement. I am unsure if I will have issues during our 105* indian summer days here in DFW but things look much better now. Maybe a copper 4core will give me more stability for higher OAT's and a low profile SPAL tucked in between the rad and the AC core for emergency use.
The moral to my story is unless your cooling system and engine tune are in top notch shape, stay away from the underdriven pulleys for street use.