Have you tightened the harmonic balancer bolt yet? You need to remove the belt and remove the lower pulley.(6 bolts) . that will give you good access to the balancer bolt. tighten the big bolt and see if the balancer moves towards the engine any. If it moves at all you should remove the balancer and inspect that it isn't cracked. The balancer may be damaged and is cocked awkwardly with belt tension on. this could be causing your belt to jump on the P/S pulley and to slip enough to cause the water pump to stall. First thing I would check.....