Well, I didn't get as far as I'd hoped but thought I'd update this thread.
As I had suspected, the boost pot rod went directly through the center of the oil drain port. I did slightly tweak the oil tube to get everything to clear but generally, the oil should now leave the turbo with no restrictions. On my K-14 I used a banjo fitting on the drain and I think this contributed to my oil in the compressor because it just couldn't drain fast enough. A long time ago libby mentioned not using a banjo bolt on the drain - now I know why.
Here is a shot of the rod in it's full extended position (I have 40 psi on the pot) The rod is obviously not adjustable anymore but I took careful dimensions before I disassembled everything. I suppose I could have used a coupling nut on the straight section of the rod but this is pretty kludgy already. The center of the crank pin (EDIT - from the face of the boost pot) is the same as it was, with plenty of preload on the gate. I even machined a split spacer sleeve to hold the rod extended slightly for easy assembly.

Another showing the machined aluminum bracket I mounted to the compressor. I was able to reposition the alignment pin hole for the compressor just to make sure it will never spin.

Here is the compressor housing showing the new pin location. I also machined down the v-band flange to accept a simple 1-1/2" silicone hose and band clamp. I have a brand new silicone 1-1/2 to 2-1/2 90 and it fits perfectly.

The oil port is a 10 X 1.25 and my k-14 used a 12mm banjo fitting. i'd like to keep the oil line I have so I'm making a custom Banjo bolt with a 12 mm shoulder and a 10 mm thread.. Had a good start on it this afternoon till I realized I had one of the levers on the lathe in the wrong notch and cut some odd-ball thread pitch

. Got it figured out now but I'm done for the day.
This may be a silly question but what kind of boost should I expect from this turbo if I don't install my DIY boost controller? I built the controller to raise the boost on the K14 from it's stock 8-10 PSI to 15-16 psi and it worked fine.
I plan on keeping this in the 20-22 psi range so I don't hurt the engine but the pot doesn't even begin to move till it hits 30 psi (could be my cheap pressure regulator). Maybe I don't know how it's supposed to work but as it is now, it looks like it could easily hit 40. What am I not getting here?