why bohter if your just goign to use it for a little bit and thrash it? i don't meen to be rude but it would be a awful lot of work to set it up just to beat the hell out of it and then get rid of it. not only do you have to make an exhaust maniflod but you'll have to run oil lines as well as make sure the turbo is hihg enough for gravity to drainit properly. as well as coolant lines f it has a coolant equipped center housing. then you have to make a carb bonnet for your carb as well as possibly rebuild the carb to handle the extra pressure (nitrofil floats) ohterwise your floats can crush. then tune it properly if oyu want it to run moe than 20 minutes without putting a hole in one of the pistons or cracking them. then you need to find a way to regulate the amount of boost made since they are usaually equipped on cars that are built for them so they are going to be pushing more boost than what a a12 or a14 can handle safely. not to mention since you have a 9to1 compression ration you will be handicapped on the amount of boost you can run even if your using premium gas. you'll basically have to use race gas to keep it from detonating and anything hihger than 7PSI. i'm nt positive but thats what i would guess.
i'm sure you could easily get this setup for way less than a $1000 if you do most of the work yourself and can score a good turbo from a yard for cheap. but you do realize that if you beat the hell out of the turbo it can easily take the motor with it on its way out.
i fthe motor is about to die or you plan on placing something better in its place theni sy og for it you might as well have some fun with it before itdies/gets taken out. but if you want to do it just for the kicks and giggles factor iwould have to say you mihgt want to change you plan of attack. if there is no rush just save up some cash and buy a good turbo, plan a good manfiold design as well as intake tracts for the turbo and to the carb from the turbo. then track down a set of forged pistons even if they are 9:1 ratio still at least they will be forged and give you a better cushion when tuning. also a new exhaust would be in order i wouldn't go with anything less than 2.5" to keep that turbo happy. maybe look into seeing if you can find a carb that is bult for boosted applications that you cna fit on the motor. if done right you can have a motor that gives decent power and will live a long life for very cheap, just my .02