Best practice would be the belt wrap as many pulleys as you can.
Looks like best for you would be (if I'm seeing the alignment I think I am) one belt gets the water pump, crank and A/C, and the other gets water pump, crank and Alt.
Each belt has a tensioner, and you don't lose your water pump unless you lose BOTH belts.
I wouldn't try to get all 4 with one belt because you don't have enough contact on the crank if you do.
Driving the A/C off of the water pump only puts a lot of extra strain on the alt belt.