First thing I would do is upgrade the stock brakes- at a minimum buy the Max Motorsports kit for around $250 that has the SS caliper sleeves, SS lines, and Hawk Pads.
My opinion is do NOT get a turbo, unless you have a really good set of jackstands. If you want a decent, powerful, fun to drive car that will also be drivable, go with the TFS top end kit and get around 300-320 rwhp or around 350-375 crank HP. That runs around $2500.. Add in a new balancer, gaskets, plugs, wires, throttle body, headers,fluids, larger injectors and MAF and a tune, and that's another $1000. Now you will need to get a better radiator, I would recommend an electric fan and upgraded 3G alternator, - another $500-600. Then your clutch, pressure plate, and flywheel needs to be upgraded-add another $500. Your exhuast if stock needs to go- a goog cat back is $300. If you want a H pipe another $150. So what are we now at $5000? Oh and a better shifter $150.
OR, you can keep the motor pretty much as is, get a
Vortech V3 entry level kit for about $2500 and get about 75 more hp. Go to the HO kit for around $3700 and get around 125 Hp- but you will need larger injectors, a larger MAF, a tune. cooling, etc. back to $5000
That is why I asked what your budget ,goals, etc are... been there done that for 30 years on these cars. So have a lot of guys here. We can save you a lot of heartburn by doing it the first time the right way.
Figure out what your budget is and how much you want to be driving vs. wrenching on the car. Then go from there.