Turbo engines respond the same to porting as NA. Dont let anyone tell you different. I.e., A well ported head will make more power on the same boost, or, less boost is required on a ported head to make the same power over a non ported head. Think of 'boost' as a measure of restriction, the less restriction, the less boost to make the same power.
Turbos dont 'generally' like long duration cams, however as much lift as you can safely get the better. There is a limit, and the more lift, the shorter the lifespan of the drivetrain. On a street pinto, you're probably better off just with the standard cam. There does come a time when you do need long duration big lift cams for turbos as you simply cant get the volume in however that discussion is for another time and probably not the type of engine you are building.
A standard fresh bottom end will take 6psi all day every day however compression/fueling.spark are all a factor.
The weak part as mentioned is the ring lands. I can provide photos of the collection of LC pistons i have here! With forged pistons, go for it.
Costs can, and will get away from you, and paying for bits at a time is kinda like a mortgage, You will end up paying more. When you add it all up, and depending on the power you are chasing, a running cossie for around $7500 is cheap, a jap front cut at around $3000 is a steal.
Shaun