You need a blow off valve. It will vent the air to stay below 9 psig (or whatever). The problem it be getting the right location. If you AFM is up stream of the compressor and you vent the air after the compressor, the computer does not know the engine has less air and it will keeping adding fuel. If you vent the air back between the AFM and the compressor, the afm only sees the fresh air and not the recycle. The problem here is the air will be warmer than the ouside air and the computer will be off on actual air, unless you meve the temperature compensation measurement to the suction of the compressor.
One question, is your compressor rated for the new maximum rpm with the different pully?