I never realized that there was a speed/pitch issue with my PL-41 until I read this thread and checked with a strobe disc! What do you know - it was fast, quite fast actually. I couldn't believe I hadn't heard it previously. Even after checking with the strobe, I played a record and CD at the same time to re-check. It was several seconds out on a 4 min track. I think we're more sensitive to variations in pitch than we are to absolute pitch.
I researched the subject (largely with info from this forum), then I weighed up the options. I changed belts (I had 3), and I even had a spare pulley. All produced very similar results. So, with the safety net of a spare pulley in case things went bad, I got my needle files to work and trimmed the pulley down VERY carefully, measuring pitch after taking off small increments. The closer I got to the desired pitch the more careful I got of course. Then you have to repeat the procedure for the 45rpm part of the pulley. When I finished with the 45 I went back and checked the 33 again in case the reduced weight of the pulley had increased the rotational speed of the spindle/pulley! It hadn't, but if it had then at least you could trim again.
I was really pleased with the results and the pulley looks really clean now!
At least I know it's spot on now. I have a feeling this must be a really common fault, and surely it must have been there by (poor) design? I thought about playing with the R/C values in the motor circuitry, probably with a pot' to see if that controlled the timing/pitch, but decided against this as I didn't have the schematics to hand.
In conclusion I would say that trimming the pulley produces great results as long as i) you have a set of needle files ii) you have a steady hand iii) you have the patience to do it carefully and keep measuring the pitch as you go. It took me about 2.5 hours to get both speeds bang on.
Thanks OBMG74 for the idea and confidence to give it a try. Worked for me.