My suggestions were bench racing based on other threads i've read over the years.
The rationale for me suggesting all of the headwork and pistons/connecting rods is that for the OP to achieve 200hp they will need to crank up the boost, replace the stock engine software with performance chips, and probably a performance cam. With all of that work involved, they'll go quite a bit over 200hp, and so I thought, hey, if you're going to have the engine out to do the work, might as well do a full rebuild, and do it right.
The money outlay in the beginning is probably close to 1k for the extra work (machining, different con rods, pistons) and if he does the work himself, he'll be far ahead.
Conversely, only doing a boost controller and chips from what I hear will give him the 200hp he seeks, and lots of extra torque. But then he'd be at the outer limits of what is possible without engine work. And replacing the cam can be done without removing the head, with the engine in the car, but the pain in the backside is doing the shims.
Alright. To the OP, what you should start with is a boost controller that is well-made. Set it with an air compressor to trigger at 10psi. It will surge to 15psi before engaging and shutting the wastegate. Do a drive test, driving as aggressive as you feel proper, paying attention to any stuttering or misfires. If it runs good, you can crank up the boost another 2-3psi before the engine computer thinks something is wrong and starts cutting fuel. If it's like I remember the T3, it'll start acceleration like the big bore 4 cylinder that it is, then around 2500-3000rpm the turbo will kick you. So don't floor the throttle from a stop, rather ease into it until you get to 2500, then punch it.
Someone's going to say this is wrong too, but that's what is so wonderful about talking to people about performance. We each have our own viewpoint as to what works and what doesn't.