With 2.97 gears and street driving 360

but I guess they had their reasons.
It seems to me that they removed vanes in the ac case to be able to run an overdriven pulley without cavitation. The overdrive itself was to spin the fan faster to generate the necessary airflow through the radiator and condenser as opposed to changing the water flow. The engine itself did not need more coolant flow, so the pump was made less efficient to preserve the life of the pump and to keep the same flow rate at a higher impeller speed.