I read your very through and informative post. To be honest, as much as I love my Bronco - its just not possible to come up the money to replace as much as you did. Even though I want to and intend to keep this Beauty on the road for long, long time - I just can't come up with the entry fee right now.
I had looked into purchasing one of those A/C eliminator pulley's for 351 W, which are sold through SVT/FMS. Basically, you remove the A/C compressor - replace it with the pulley an stand; it allows you to keep the serpentine belt routing as factory.
It seems like a good option, until I can build up the war chest. What I don't want to do is go the cheap route, end up contaminating the system or doubling the cost thru false economy.
Symtoms: The compressor started making noises, then eventually stopped turning. At that time, I figured it was only a defective clutch. since than the A/C compressor has frozen ... when I removed the belt, the clutch would not even turn (frozen solid). I'm "guessing" the unit is toast.
What would you suggest (then the obvious - do the repair!) the will allow me to get it back on the road? If you think the bypass pulley idea will work - what would be the best way to minimize additional damage to the rest of the system/hoses/etc. until I can get it disassembled and repaired?

I hate being cheap, but times are tough ... this is the better alternative than giving up my '95 Bronco. I was using my '81, but it was just got totaled this week. Someone Broad-sided it (ran a signal) at 50 mph ~. Broke the front axel, bent the frame, engine moved - I'm pretty sure it saved me from worse personal injury - these are some rugged pieces or rawhide.