The theory is to replace the crank pulley with an aluminum piece to lighten the rotating mass and allow less parasitic loss of HP to the wheels. The pulley is also a smaller diameter to allow less drag, and again, free up more HP to the wheels. There is plenty of discussion around the internet on pros/cons, including this good link from Brian:
An interesting article on some of the potential hazards of saving weight in the 'wrong' areas...
http://www.spdusa.com/pulley_kit.htm
I have an Unorthodox Racing pulley. It appears they are still available. Per the following link, it appears the same pulley was used on a few Isuzus. You can use the part number from this link to shop around. FYI - I found the same exact price at another vendor via a quick search.
http://www.wholehyper.com/old_site/unortho-isuzu.html
Because of the smaller diameter, you will need new accessory belts. I found mine at NAPA.
Alternator: #040250 - Micro-V belt, 9/16" x 25 3/4" (14mm x 655mm)
Power Steering: #060355 - V-ribbed belt, 27/32" x 36" (21mm x 915mm)
NOTE - I have removed my AC compressor, so the second belt only goes to the PS pump. You will need a longer belt to use with the AC.

