The motor is strong enough for turbocharging... to a point. Even Cummins guys drop the compression when they start using really high boost. The difference here is that a stock Cummins 6BT has a CR of 17.5:1, while the 6.2 and early 6.5's are 21.3:1. Put 21.3:1 compression pistons in a 6BT with 32PSI boost and see how long your head gaskets last

With 18:1 compression and a suitable DB4 marine pump (and a prepped block or a new AMG short block) 340HP is readily achieved - reliably. Even more can be had with more extreme mods:
http://video.google.com/videoplay?docid=1641713166467266832 and
http://www.thedieselpage.com/readers/kolkman.htm
The difference is that the Cummins stock block and crank will easily handle that amount of power, while the 6.2 will need to be built to handle it. It was designed as a light duty motor for good fuel economy, not brute power.
I am being conservative and shooting for a certain power target and good fuel economy. Right now my TBI 350 is rated at 210HP. The 6.2 I acquired was rated for 165HP, according to the sticker on the air cleaner housing. 5PSI boost is an increase of 33% over atmospheric pressure (1.33 bar). Not counting losses due to compression heating it would increase the volumetric efficiency by the same amount. Increase fuel flow accordingly and it will increase power output by 33%, giving me approximately 220HP. In reality it will be more like 200-210 - approximately the same as my current gasser (well, 100k miles ago

). It is a low enough amount of boost that I won't need a charge air cooler, and it won't beat the tar out of the 21.3:1 compression motor. Finally, since it will be wastegate regulated I can size the turbine for faster spool up, and I can maintain a constant 1.33 bar intake pressure regardless of altitude. This will make driving in the mountains much nicer

The motor should live a nice, long, healthy life and I will be happy. Besides, I have an adjustable wastegate controller to crank up the boost if I want to play

To go over 10PSI and still be rreliable the compression needs to be dropped. Lower compression = harder cold starting, which isn't an issue I want to deal with in the mountains at 10,000 feet in the middle of winter.
BTW, MudMan83 is correct about the weight. A 6.2/6.5 weighs about 700lbs, while a 6BT weighs in at about 1100 lbs.