lets just say, i watched and help a friend of mine build his turbo ranger (built 2.3 with expensive forged pistons and rods, 8:1 compression, fairly large turbo, ect) and when all said and done, he was running 285 rwhp on 14 psi boost... now, it could have handled a lot more, but being something he wanted to daily (and blowing 2 head gaskets on his first turbo setup, he kept it conservative. the thing is, the turbo spooled real late and didn't make full boost until like low 4000 rpms. for ripping around on the street that sucks, but damn once the boost hit it was fun!. anyways, after awhile he was tired of it because of the oil blow by he was having and was just plain done messing with it and was done dumping money into it.
anyways, if he hadn't spent a ton of money on pistons (just ran stock forged pistons out of a turbo coupe) and ran a bit of a smaller turbo, i think he would have enjoyed the truck a lot more and wouldn't have sold it (for a too cheap of a price at that).
as far as the knock sensor.. i wish the ohv motors had one! but, since they dont, i did find this pretty cool autometer iat gauge that comes with 2 probes to put in the charge tubes and lets u see the iat's the motor is getting, u can see before and after ic too. pretty cool, and will help keep an eye on the temps on a real hot day, ect. with that a wideband and fuel pressure (which i already have) ill be golden on keeping a safe eye on the motor vitals.