Nitrous can have a wonderfull cooling effect on the intake charge with a turbo. If its a mild shot, you can probably run it safely but it must be dyno tuned turbo only first. I'd recommend a wet kit injected right behind the throttle body with fixed jets, probably a 25HP shot for the added benefit of cooling and a little more umph.
However, if you exceed the maximum power capabilities of the rods/pistons/crank, the engine is still going to go boom, with or without nitrous.
If you are going to do it, run mild boost and get it tuned well first. Then run your kit on top of it and do another dyno tune/check before you start spraying on the street. ON a dyno you can watch air fuel and if it starts to go lean you can cut it off. If you just thow on a pre-set kit and the air fuel is off, you are asking for big trouble.
Former owner of '99 CSVT - Silver #222/2760
356/334 wHP/TQ at 10psi on pump gas!
See My Mods
'05 Volvo S40 Turbo 5 AWD with 6spd, Passion Red
'06 Mazda5 Touring, 5spd,MTX, Black