I think its all with the tach and has nothing to do with the pulley! I used a Stock Dodge Cummins ALT with my GM diesel tach and it is 100% accurate and has the stock pulley on it. Other than having a $35 external reagulator in the setup which you can't even see back by the firewall everything is like stock with out having to have any funky brackets or pulleys. (I have heard of people haveing belt tracking issues with the brackets and pulleys that arn't stock)
Pretty sure if you put the Diesel tach in the truck like stated above it will work just perfect but that doesn't answer why the volts are so high... hmmmm
Keep us updated... Ryan