Take a look at some of my old treads - I posted some info about a year ago.
Studs are easy to find. No need really to do anything to the bottom end. I had my pistons machined down 0.015" by the machine shop and then sent them out for ceramic coating. Would probably go 0.020" if I had to do it again. No issues with starting with that setup, which is where you'll have issues lowering the compression too much, though I've never had it in anything colder than about 30*.... your results may vary.
I'm running a bull moose pump from Mel (see above) and I run about 20 psi full throttle burning cleanly. I'll get pretty good black smoke lugging it too much or getting into it too fast but that's true of any rig. I can hold 20 psi from about 1800 rpm up, and will see about 10 at 1500. Boost builds pretty quickly and I feel the setup is nicely responsive.
You will want an intercooler. I setup a water to air unit due to engineering concerns - didn't want to mess with trying to cram an air to air unit in though it's not that hard. Seems to work well though I don't have any real way of measuring effectiveness at this point.
My turbo setup is a scratch built setup that's been modified quite a bit over the years. The HX35 is a T3 input flange and the outlet is similar but not identical to the Banks WG turbo (3" V-flange on the Banks - HX35 that I have is slightly smaller) However, the compressor housing is a fair bit bigger than the Banks. I think you could use pretty much any of the id turbo kits out there as a base to work from, but you'll almost certainly need to do some creative fab work to get it all to fit together. Nice thing with the HX35 is that the outlet flange is removable, so what I did was actually weld the v-flange on my downpipe to the cover and then the pipe is removed by removing the 5 bolts that hold the cover on. Awkward but it works.
Also be aware that there's numerous HX35 variants out there. I have a link to some info in one of my old threads (titled 'HX35 info' IIRC). I'm running an 8 blade off a 98 (IIRC) dodge cummins. The 7 blade is supposed to flow more at full output, but there's some thought from what I could find that the 8 blade has a better low end. I don't know. Mine works well. Big thing to be aware of is that they were also used on numerous industrial and other application cummins motors that may or may not have the same specs. Also a lot of the ones listed on e-bay are cheap chinese knock offs that are reportedly pretty much junk....