John - Nothing wrong with putting the adjuster support bracket on the front of the alternator. Looking at your pictures, you might even consider when you do that, maybe remove the offset end of the bracket just at the end of the main flat section where the first rearward bend is. Drill a new pivot mounting hole in that end and bolt it to the same bolt you show, but on the front side of the water pump. In my minds eye, the flat adjuster bracket will be far enough up and shortened to allow for better alternator adjustment rotation, while staying close enough to the alternator face to stay out of the belt and alternator cooling fan. You might need a washer or two on the water pump end to properly align the bracket to the alternator position, but I think this may be a possible fix for your situation.
