Bad for the alternator? Seems you have some things mixed up.
The origonal March 3 piece pulley set had a larger diamater alt pulley that stock, effectivley slowing it down. Now, beings that the stock pulley is smaller than the March pulley, your alternator is spinning faster with the stock pulley than it would with the March pulley, yet slower that a completley stock setup, which is just fine.
Even though your running the March crank and WP pulley, you alternator isnt even spinning as fast as it would in the stock setup, yet faster than the full-on March setup. Your just fine, dont worry about a thing. If you need to see a demonstration, check out a how a 10 speed bike works, and youll understand what Im saying.