Hi, I have messed with turbos a little

. Theres alot of info here that needs to be answered. First are you willing to switch to EFI? Carbs and turbos are HARD to make work properly for racing, and nearly impossible to get tuned right for street use. EFI isnt all that expensive to do, there is alot of JY stuff that you can use, stock tpi manifold are getting cheap. As for the computer I would use a stand alone. If you want this done cheaply (somewhat) you will want to get the megasquirt (
www.rs-autosports) Depending on how much hp you want, the injectors can be found at the JY also 85.5-89 turbo 2.3 fords had 35lb-hr injectors 8 of these will support around 500-550hp, if you want more look at some of the ford v-8 TBI cars they have injectors upto 52lb-hr. there is more stuff that is needed but you can email me if you need anymore info.I think with some shopping you could have a good running EFI setup for around $600-750 which is a little less than what a carb built for turbocharging would run.
The next step is also dependant on how much hp you want, but the engine will most likely need some work done to it. How many miles or on the negine? what internal mods have been done? if the engine is not freshly rebuilt you will atleast want to go into it and put new valve stem seals in, and if it smokes or has leakdown problems you will need to freshen it up. If you plan on running more than 10psi I would swap in a good set of forged pistons(drilled oil returns not slotted) maybe good rods, and stainless valves.
As for turbos you have ALOT of choices here. you will need to decide on where you want boost to come in, how much boost you want to run, how much hp/torque you want, and what kind of torque curve you want. turbos can be bought very cheap, I personally like holset turbos, they come in many different sizes and most use bearings instead of bushings for the shaft to ride on. you will need to decide also if you want 2 turbos or 1.
There are alot of things that need to be decided on befor throwing turbos on. If chosen properly turbocharging can be done fairly cheap, and is very much worth it if you dont mind work. If you decide on doing a turbo let me know and I will try to help you out on finding parts and other stuff you will need.