Indeed it will with a decent turbo ( not a shite escort t3 ) and a 2046cc isn't a unopened engine as quoted by crowson.

On a standard lump with a decomp and ofab with a chip 10psi is about 200bhp. But will blow up , just depends how long and how lucky you are.

Spend a grand. Decent coast t3 or a t28 of a 200sx. ( or even better a standard focus Rs manifold and turbo) and megasquirt on a decent lump will see a nice reliable 220 bhp all day long. But will cost 2k minimum by the time you've bought a fuel pump, intercooler, few bits of pipe , the engine and management.