Wow! What is your magic trick, to run around in FL heat and traffic, with only the stock fan and no overheating??
The stock metal fan does provide some dampening, due to the rubber sleeves that it rides on. But lots of folks (myself included) find that it doesn't provide enough airflow for stop-and-go traffic in hot weather. And the popular plastic fans don't provide the dampening (or at least not as much). The elusive metal 'tropical' fan does, but they are kind of scarce. Also, the rubber sleeves don't last forever and it is a giant PITA to pull the apron just to change them.
In addition to the reasons given above, the narrow belt should be more efficient I doubt that it's enough to argue about, but if you are serious about vintage racing then every hp (or even half a hp) counts.
And the conversion provides an easy way to get the fan extension out of the way, so you can mount an electric fan. Not for everybody of course, but I really like mine.
Overall, though, I'd guess the alternator conversion is the main reason for most people. The stock generator just is not big enough for a reliable, every day car (especially commuting to work on 2nd shift in cold weather as I used to do). And control box maintenance seems to be a lost art.