Use this to figure your pulleys.
http://gadi.agric.za/software/renting/pulley.php
I believe that pulleys are not specifically measured from either inside or outside, but from the pitch diameter which is where the design of the belt is. Here's some more information on it.
http://www.gizmology.net/pulleysbelts.htm
I'm not sure if you have a typo there, but you said
and I'm just being a spelling Nazi, but it's just Pi. I'm a geometry geek.
http://gadi.agric.za/software/renting/pulley.php
I believe that pulleys are not specifically measured from either inside or outside, but from the pitch diameter which is where the design of the belt is. Here's some more information on it.
http://www.gizmology.net/pulleysbelts.htm
I'm not sure if you have a typo there, but you said
and I'm guessing you meant Pi x D, not R. That would make a huge difference if that's the formula you used.
and I'm just being a spelling Nazi, but it's just Pi. I'm a geometry geek.