1971 340 water pump and crank pulley problem

so, I’m wondering which is incorrect the WP or the crank.
looks to me the crank and the inner Alt grove line up?

Looks to me the WP pulley is not deep enough for a single pulley setup

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Mine measures as below (the 4.75 at the WP is off a machined part of the intake) (keep in mind this is a 67 273)
Notice how much closer the WP pulley is to the pump than in your photo.




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The 5" is from a machined surface of the head

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