Check to make sure you haven't blown an exhaust manifold gasket. I drove a van that did that once and I was certain that I had blown up the turbo
I do know that I drive torque, while listening to my friends prattle on about horsepower.
What about the large diameter o-rings that seal the compressor housing? I had similar situation on a fast drive home from Fort St. John, lots of sound, little boost. Also check turbine housing for cracks.
OK so it was leaking around the housing for SURE and leaking from where the exhaust manifold joins the turbo.I put a very thin film [of RTV] around the compressor housing and a light bead squeezed through when i put it back together, i must say i did a damn fine job.I then put the turbo back on with a VERY liberal axle greasing of the two mating surfaces to burn a carbon gasket between the two. i have a metal gasket but it's hell trying to get it to stay while im under the car cursing my head off trying to thread the bolts. All together now and it's boosting like it used to. Chirping the tires on shifts to 2nd. So assuming the turbo was overspooling can we acclaim that to be the cause of the oil loss?