is it going on the 1.5l?
I will encourage you to go on with your project, I just want to let you know what you might expect.
A turbo with a 10.5 compression ratio seems to be asking for detonation problems. Perhaps a thicker head gasket will help for now?
I have only put a turbo on one car, and that was in 1975 so the technology has come a long way since then, but lower compression on turbo motors still seems to be the norm to avoid serious internal damage.
5psi will yeild a 'theoretical' 33% increase over a normally asperated engine (5psi is approx 1/3 of the 14psi atmosphere at sea level). I say theoretical because that assumes no pumping losses and 100% efficiency in the compressor (not realistic). Also assuming a 'good' street 1500 engine puts out about 100hp (Mad Matt's HP racecar put out 107hp at the wheels), that would be an engine that puts out about 125hp. Not bad, but 25hp is a lot on this car.
I've heard a similar theory from the drag crowd regarding turbos as well. They estimate an additional 8% power per psi from the base horsepower. Assuming you build a 100 crank hp engine, then 5 psi (40%) would net you around 140 at the crank.
Personaly I'd opt for a lower CR and more boost. The extra torque from a high CR will only be felt off boost, not while on boost. Since torque is a product of pressure, more torque will be made with higher cylinder pressure, ie more boost.
That is all.
You yield torque and power faster as HC, so your powerband will be much wider. With low compression high boost you may have more power and torque over all, but it ends up being all in the mid to high rpms. Good for a road course, but not as good for a rally or canyon car where often you have to make a sharp U turn and you would drop out of your power band on a typical race engine.