There is less chance of running into problems with the v-belt system. Are you planning on using the AC?
If by v-ribbed you mean a serpentine belt then using it would greatly increase the chances of the crank nose failing.
I'm putting a 1.9 in my samurai...it has a 1.6 already..The crank nose is perfect but I am still going to have the nose machined..piece of mind
thats what we tried telling the original poster, but he thinks hes just gonna chance it..