Well, the reason for the purchase was simple ... buy the car, strip the turbo system down and then refabricate it on the Cougar and possibly duplicate the fabricated work as a "kit" for others.
And YES, it's "That Car"
Warmonger: I know, my company has an employee who is the company lawyer who came he from a 20+ year private practice. He also suggested I find another way, thru personal negotiation with the previous owner, and I have. We agreed upon him giving me some money back to fix the other issues and to have the car tuned ... that was BEFORE last night's find.
Giving it a lot of thought today on the ride to work (1 hour drive one-way), I will have to eat the loss and drop in a 3L ... have fun explaining that one to the wife
Since I'm not at home now, I don't have access to the pictures, but the wastegate setup is as suspected: small oriface (have yet to measure) for the "built in" wastegate that doesn't exist. So, an external wastegate was used to replace a non-existant internal one.