Update: Talked to teacher today about the turbocharger, told him I had 1k to spend on it to start with. He's gonna let me do it. he just ran thru, lowering the compression, in which I told him that I was aiming for 8.3:1 and he said that was in the ball park of what is needed. then he told me we don't have the tooling to machine for hardened seats, so I will have to send the head out for that, just to Napa which is right down the road, and also that I may have to get stiffer valve springs, which I was thinking about. I think he was figuring on me spending 2-300 total for the rebuild and that's why he turned the turbo idea down originally. no wonder it was smoking, the umbrella valve seals that keep the oil out of the valve stem bore, a couple were non existant ( and in the bottom of the oil pan ) or cracked. bottom end looks good, other than the reminants of the valve seals in the oil pan.