Thank you all for your comments.

After reviewing my options I've decided to do the following, which I believe will push me into the 300 hp (240rwhp) range [give or take 10hps].

Greddy Side mount Intercooler
Refresh my stock CT-26 Turbo and add a 12 degree clip ($250.00)

Extras:

*Ceramic coat the exhaust side on the Turbo for good measure
**Large Intercooler Fan

According to all the data I found. The MR2 3SGTE CT-26 Turbo spools up around 3,200 RPMS and runs out of breathe around 5,500 RPMS @ 16lbs of boost. I've been studing many dyno charts and the weak point is not the small compressor wheel (40mm trim). So, upgrading this to a 46,50... or 60 doesnt seem like you most bang for your buck.

Now by clipping it 12 to 15 degrees, it will move more air out of the Turbo at max boost.... thus holding power around 6,000 RPMS

The draw back, if you clip it you will be spooling around 3,500 RPMS to start (Little bit of lag). And hey, for $ 250 buck to refresh my old turbo and get a little edge... this makes more sense.

Comments?