From what I understand, the t3/t04E is a pretty good setup. The turbine side remains standard size T3 turbine wheel, which is smaller than the t04. This allows you to keep the quicker spool aspects of the t3. You have a couple of picks for A/R size, but .48 looks like the best for my application. I want the boost to come on sooner so I will stay away from the bigger A/R hotsides.
On the compressor side, a T04E housing and compressor wheel are added on. The T04E is a larger unit than the T3 and provides a greater flow of air. The design of the wheel is also much newer than the older T3 compressor wheels and is more efficient. From reading, it appears that the T04E will be a better choice for street use over the 4B or 4S setups.
It looks like there are a wide selection of trim levels. I still suck at figuring out compressor maps, but know that if you go to big you run into surge problems. I have seen online: 40, 42, 46, 50, and 57 trim options for the T04E compressor. They go bigger, but are not worth looking at for my application.
As an additional note, I think that I will be aiming for a external wastegate in the future. From a performance perspective, they have a slight advantage over the internal wastegate setup. You have a seperate exhaust dump tube that does not run back into the exhaust flow coming out of the turbine, thereby eliminating additional turbulance.