Red dust around supercharger pulley

Anyway, I have some red dust around the blower pulley.
I replaced the bearings in the belt wrap kit as they had slop in them, turns out pulley bearing bore is larger than bearing od, so will never fit properly

But changed them and belt, and I am just seeing a bit of dust.
I remember seeing this kind of dust on the crank trigger ( dizzy ) on a nissan RB30 motor.I think the bearing fails.
Is this the case here ?
It is an aftermarket clutched pulley if that helps.
When I start the car cold, it does squeak a little.
Any suggestions ??
Thanks in advance.
If it is just normal wear I am okay with that, as the car does get driven, and the clutch is probably under a bit of extra load ! ( 178 lower pulley 84 top ).
It is not a lot, but just something I did notice.
I would rather not mess with it ( if I can avoid it ) as I hear so many bad stories about pullies on these things.
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