Update...
I've been daily driving the caddy to and from work (~60 miles each day, 7k miles overall) and so far, things have been great.
The only real problem I've had is that alternator belt was coming loose about every 500 miles or so.
As a result, I had to replace the old alternator from my 1.6 NA with a new unit not because the alternator wasn't working, but actually because the mounting holes were distorted and broken.
I found the bracket on the engine was in equally bad shape, so I had to change that out in order for the belt to tension (and stay tensioned). I really dislike messing with that bracket. My friends and I joke about "three hour cussing sessions" with our cars, but that bracket is not so easy to change out.
Next... I had installed the 2.5" exhaust back in August, but never put an exhaust tip or tail pipe on it. This was sort of a problem because the exhaust resonated under the bed and covered the driver's side rear with soot.
Anyway, I had a fabricator friend of mine (Kevin at DTR Performance in Florence, KY) take a look and we talked about some ideas. I thought of going with a single turn-down out the back, but eventually went back to the stock exit location.
Here's how it turned out...

I really like the slash cut tip and the angled exit makes me think of the OEM scirocco 16V exhaust. The tips are actually made from stainless (schedule 5?) pipe that Kevin hand-polished himself. Great work...
I provided some mandrel bends and Kevin did a smooth over the axle bend...top notch work. Not easy to do. Here's a crappy pic of the over the axle bit...

I've started producing large batches of biodiesel, so for the future, I'm tring to source viton hoses so I can run B80 or B100 in the caddy. Eventually, I'll have to have the seals in the pump replaced as well. MIght be time for a Gilles pump treatment at that time.
I've also got to decide whether I'm going to ditch the A/C as it appears there's no easy way to add an intercooler with it installed.
I'd like to do the governor mod and up the boost, but that will probably wait until it's warmer.