I had the same question as you jcp123 about the ps components. I didn't really want to make any mods such as looping the lines in case I wanted to sell it down the road. I ran my car for a year without turning the ps pump and hooked it back up only briefly to run this test. I didn't notice any ill effects over this past year; power steering worked as well as the day I bought the car. The way I figure it if you leave the system untouched aside from removing the belt there's still the same amount of lubricating property from the ps fluid, just a lower pressure system. This is all providing the car is light enough to manage slow speed steering without looping the lines.
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