wow bored welsh lad, awesome info there! As you can tell by the thread I'm looking at spending under a grand by running low boost. For under a grand I could do this and that is the whole aim of the project, lots of ponies for under a grand. I'll speak to DH and see what he thinks, he did recommend using wideband, so I'll talk to him bout this and also to Danny, see what he thinks. Either way I'm gonna buy a complete engine on eBay and stick new seals and gaskets on it and port and polish the head. I'll stack headgaskets to relief pressure on the engine. I was thinking of sticking some ARP bolts on that engine anyway.
Right i will lay out what i think you can get for under a k if you shop around...
1.Charger M45 100-150
2.Management 2-300
3.Brackets 30-50 if you make them yourself
4.Belt 10-15 quid
5.injectors 50 quid (i picked up standard g60 injectors)
6.wideband 170 quid (new on ebay with guage(i got mine for 100 second hand)
7.Pipework 80 quid (can get second hand cheap)
8.Recirc 50 quid (load of the forge ones float about on forums)
Just another point worth noting.. the head seems to choke up at around 5000rpm and if you run a boost gauge you will see 10psi but thats the backpressure due to the head not being able to flow the boost.
I am hoping to see around 170 horse with the setup above.. if i do head towards a smaller pulley i will be running 2 gaskets and max of 10 psi..
below is the compressor map

and if you dont know how to read them, then check out this article..
Bimmer guide