you can use a factory system, the problem though becomes one of access to the fuel pump. i replaced the fuel pump on a 70 falcon with the stock V belts, and power steering, and i can tell you it was a major headache to replace as the access was poor. with a serpentine belt the access would be even worse. best to use an electric pump if you want to convert to a serpentine belt system.
and the problem isnt so much the belt system itself, the problem is the brackets you need to use. you have to anchor the accessories in place, and the brackets are rather substantial to prevent flexing, and subsequent breakage.