Boy I wish I had seen this earlier, there is some bad information going around here.
First and foremost, you guys should not be looking at those Chinese ebay turbos. If it seems too good to be true, it probably is, and granted SOME people have run those turbos with some success but by and large they are junk.
Second, HX35's do NOT have a T4 inlet flange. It is T3 size. HX35, HY35, H1C and WH1C are all T3 flanged. HX40's, H1E, WH1E and larger turbos are T4 flange.
Third, on a water cooled turbo the coolant is entirely separate from any oil. Unless you got a hole through the casting itself, there is NO WAY coolant could get into the oil via a turbo.
And fourth, I have been told that a turbo with a divided turbine housing is very difficult to use an internal wastegate with unless you mount it to a divided up-pipe, bore the wastegate hole through the divider, or machine the divider out completely.
Just my 2 cents.
I personally am starting to think about putting together a 60 trim T3/T4 for my truck since I have so many turbo bits and pieces laying around, including a NIB bearing housing and some T04E parts, and it would go right into the turbine housing already on the truck.