George Bellas was guitarist for Ring of Fire for ONE album (not even one of their best albums by any means..). Their full time guitarist, both in the studio and on tour (and I'm assuming one of the big songwriters in the band), is the legendary Tony Macalpine.
But I do agree with you on George Bellas, he beats the pants off Francesco Fareri - although, they play totally different styles, I find them hard to compare.
On a side note, I have Francesco Fareri's album (I was pretty impressed with him after that Jemfest UK hype, and had high hopes he was going to be as cool as the US Jemfest's big guy, Rusty Cooley), and I can't say that its even slightly good at all. The production is terrible, and the songwriting (the few melodies you can identify) are the same, on each song (or very very similiar). But, more importantly, about the only thing you can hear during ever entire song is 16th triplets at some ungodly speed (usually for several minutes).