No... Please forgive my imprecision in the choice of nomenclature...
(1) The "Shroud" I meant to describe is the Outer Ring of the
Rotating Tan Plastic Air Guide or Air Dam that is designed to form a partial vacuum inside of that Black Plastic Shroud, helping to ensure that Cooler Air is being guided inside of that Black Shroud shown in your image and then pulled on through the body of the Radiator Aluminum Cooling Fins to draw off the Heat in the Water Column created by the Engine and Transmission:
View attachment 115411
(2) When the Internal Bearings inside the Water Pump begin to Fail... it allows that Tan Rotating Plastic Mass to *Wobble" even more excessively about its Outer Orbiting Edge, giving the strongest clue that the Ball Bearings are
-=NOT=- running true inside of the Water Pump Roller Ball Bearing -to- Bearing Race(s) contact surfaces hidden within:
(3) When this happens... the Smooth, Outer surface of the Bell-Shaped Pulley placed over the Large, Threaded Water Pump Shaft also suffers, since the Tan Fan Screw On portion is held firmly to the Water Pump at its Center, while the Four Gray Galvanized Bolts that Bell Pulley solidly onto the Water Pump's Outer Flange.
(4) THIS is the Point Of Failure Failure due to this excessive freedom of movement loose bearings will allow and thus, the
OUTSIDE Smooth Surface of the Serpentine Belt can perform the accidental "Slip-N-Slide", causing that irritating "Chirping Sound" to occur, amplified by the Bell-Shaped Cavity inside of the WP Pulley.
(5) When the Tan Plastic Shroud is cast and formed at the Factory, the GM Engineers try to overcome this tendency for the *Wobble* to invite Bearing Failure by placing Balancing Clip-On Weights upon the Leadeing Edges of some of its Fan Blades at certain points (Inside the Red Circle) while spinning it up to Speed on a Test Stand in order to eliminate that *Wobble*. However, if any of those minuscule "Wheel Weights" are either Moved or Lost, this "Out Of Balance" condition will invite an Early Failure of the Water Pump Bearings to occur:
View attachment 115410
(6) Ordinarily, the New ACDelco Internal Water Pump Bearings will prevent this issue by having smooth running tolerances. And so at first, this minimizes the*Wobble* of that Tan, Rotating Circular Air Dam. However, any imbalance of this arrangement will eventually cause things to get worse over time and invite such failures.
(7) It is important to remember that The Grooved AND The Smooth Surfaces on opposite sides of the Serpentine Belt are
BOTH working to transfer an
ENORMOUS amount of energy from the Grooved Harmonic Balancer-Crankshaft Pulley and they
WILL try to escape their guidance over the entire system of Power Hungry Accessories they are meant to Drive.