I can't really tell you much about that particular turbo off the top of my head Matt167 but I can check my sources (I've got a few gooders!). But I think that bottom end will hold. As long as you don't boost the heck out of it. What engine is in that Falcon? I'm a Ford guy and I like turbo's (next project is my T-bird and I might drop in a 302 turbo mill). As Road Agent mentioned you need to run a line from an oil passage (probably from a T off the oil pressure sender) to the turbo, and the return should enter the crankcase above the oil level.

If I understood your 2nd post you want to run air from the filter through the turbo then from the turbo into the top of the carb, then to a down tube from the carb to the intake? If this is the case it won't work cause you will blow the charge out the side of the carb and out of the shaft seals. You would need a pressure box that you can put the entire carb in so it has equal pressure around it. If you want to get around the pressure box idea the carb has to go infront of the turbo. (ie. turbo in between the carb and intake). Also theres the waste-gate to mess around with. This is just an adjustment with different spring rates to make sure you don't over boost that motor 'cause that will kill it.

The larger cc head might be better since the whole idea of "a thicker gasket" doesn't sit well with me. I can see nothing but head gasket blow outs with this kinda of talk lol. If you get the larger cc chambers then you can put more boost into the motor without causing detonation.