Well it is in and we now have several hours of run time under the belt. Rebuilt the turbo with carbon seals, stressful but doable. Seems to work 100%. Built the new carb plate with hot water. Had just the smallest pinhole but I pulled and cleaned then swirled some epoxy around inside and used some pressure to push it through the leak so that was sealed up. Other than that it is working. Still unsure of boost because I still do not have a guage, it is low but up some since the rebuild, say 4-6psi. I am having pinging issues at WOT but am exploring remedies like octane and timing. As far as results an engine swap would give me so much more but if you like to buck the heard I say go for it. Additional updates as warranted, like say if it explodes.
Overview
http://www.youtube.com/watch?v=1J5r3JISMag
Running
http://www.youtube.com/watch?v=jyor7dkkBq0