Man...I picked up a car that the head was off for just a few months and the engine was shot. Honing the cylinders took a long time to get the surface rust ground off the bores.
That being said, the engine in there is a nice engine. It's a 2.2 common block with balance shafts. I had a 90 vnt lebaron (basically same car) that ran as smooth as butter, and was nice and fast too!
If the engine is apart, i'm assuming you can get the car for a pretty fair deal? With these cars, if the body is in good shape, they're probably worth it. The engines seem to be a dime a dozen these days, as they outlast the cars, and are pretty easy to work on.
To replace the turbo is no problem. All you need is a new turbo, and the new lines. You can probably find a decent shape t2 turbo on here in the swap meet section, then contact cindy @ fwdperformance or chris @ turbos unleashed and get yourself a nice set of $110 braided hoses for it. The manifold is different only in that it has a higher nickle (i believe) content to deal with the higher heat of the vnt. The vnt manifold will work just fine.
As to the boost controller, that's easy too. Just run a line off the vacuum system to a boost controller (grainger valve from one of the above dealers for $25 will work fine) and to the nipple on the wastegate canister. You're already intercooler, and the air plumbing in the car should hook right up to that turbo.
And yes, pistons are pretty cheap, and not that hard to replace. My advice though, if you haven't done it before, is to use a lot of assembly lube. I did my first piston swap earlier this year. I forgot to pre oil the rod bearings and they spun almost immediately. Doh!
Anyway, the rod pins will need to be pressed in or out of the new pistons. You could go with used pistons from Cindy for $15 a piece, or buy a new set for like $50 or $60. Or you could go crazy and get some forged ones, although unless you're running mega boost, that's probably not all that necessary...but fun!
If I were to do the project you're looking at, I'd probably order from Cindy. (
www.fwdperformance.com). She's treated me right in the past on many occasions.
I'd order the following, for starters:
Mopar Performance Head gasket
Mopar head bolts
Grainger valve
Pistons (I'd probably go with federal mogul myself...as they seem to be as good as any)
Rings
and then turbo if necessary...thats up to you!
hope that helps
d