If it is only 12 thou can you chuck it in a lathe and dress it into shape, the small amount you will be taking of will have little effect on strength.
Are you running a common belt for water pump and supercharger?, most settups that I have seen have a belt specificaly for the supercharger to get maximum wrap on the pulleys, even then you need a fair bit of tension to stop them slipping.
regards
jon
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