no you misunderstand what a bleed valve does mate.

the bleed valve is a mechanical device to allow you to raise the boost pressure. you actually have one as standard! karl is justtalking about replacing it wht a proper one thats also adjustable.

the chip on an RST is what allows you to raise the boost pressure above the standard 10psi boost limit.

the cihip on an RST does not change everything, it uses MECHANICAL fuel injection not electronic fuel injection.

as for the T34, if you want big power you need big turbo, there's no way you can get a small turbo to do big numbers without exploding its all physics