Obviously, to take care of any lag, you'd use a smaller turbo, but then you chance top end power. If only there were a chart, that shows what turbo works for a type of engine. Are you going to be running an intercooler with that? My twin turbo plan calls for twin intercoolers, to be placed in the stock radiator location, and the radiator moved to the back. The radiator hoses will be changed to mandrel-bent aluminum pipe, with hose couplers at both ends of both pipes, finished with a large aluminum radiator.
This is one of the sites that I've drawn inspiration from -
http://www.undrprsr.com/fairmont.html with mine going to be mounted this same wa. I forget which turbos I ran, but my desktop dyno showed, roughly, 1100hp and 12-1300 lb/ft of torque (I forget at which RPM). Heh, I figure this ought to throw a stripped-down Bronco thru the 1/4 in about 6-7 second range. Only time, and LOTS of money, will tell