Recently, I installed a new Carquest serpentine belt and tensioner on my 6.5LTD only to find the tensioner gauge out of range and the belt vibrating almost an inch on either side of the A/C clutch when engaged. Before this, the old belt looked new, but jumped around the A/C compressor like a banshee under load. Upon spinning the compressor by hand, it rotated smoothly with out any hard spots.
Then I ordered a Goodyear belt (part# 4061010 -OEM for GM's $67.00 stock belt) for $18 from Pic Pro Parts at Yahoo and installed it and the tensioner gauge showed perfect alignment, and the belt ran smooth as silk with or without the A/C on. Lifetime warranty on belt from Goodyear, too! Now, it's the only belt for me.