There is no "stock boost" on a 6.9L IDI, and also not on a 7.3L except for the '93-94 factory IDIT which had 1/2" head bolts, used a better head gasket, pistons, rods, exhaust valves, etc. And all that to run only 2/3s the boost of an aftermarket bolt-on turbo system.
IMO, running a 6.9L with a turbo and no studs is problematic due to the small head bolts. If you drive easy, yada, yada, you could scrape by. Head gasket issues are common enough with these engines to make a wise person think ahead and get the best setup possible. If the budget doesn't support ARPs or another stud brand, then at least go with new OE style. IH intended them to be replaced this way.
I've had a Banks kit on my truck since '87 and it makes from 10-14 psi boost. The truck is well maintained. About 80K of it's 140K total miles were towing/hauling and when a head gasket blew spectacularly in '08, the heads were a mess. You could see they had lifted many times and when I measured the head bolt lengths, some were lots longer than the others, indicating stretch. I had replaced the head gaskets in the mid '90s due to an external oil leak. I recently found my receipts for that and was surprise to see I had the heads surfaced then and the valves touched up. I didn't remember that (must be getting senile ( : < ) but once I saw the parts (I used new bolts then, following the recommendations of many at the time) and machine shop receipts, I remembered seeing the head surface was fretted and eroded, again an indication of head lifting under boost. THE ENGINE ONLY HAD ABOUT 50K ON IT THEN, about 43K of those with the turbo and almost all of those were towing miles. That is an indicator to me that running 10+ psi boost with a 21.5:1 CR and working the truck like it was designed to be worked puts a lot of stress on the head gaskets and wimpy little 7/16" 6.9L head bolts. This story has been played out many times, here and elsewhere.
A 7.3L... a little more beef on the 1/2" head bolts, maybe they are "more OK" to keep. I don't have a strong opinion here because I have very little experience with the 7.3L but if I had a 7.3L, I would still budget the money for studs or at least new head bolts.
I'll go into old guy mode here and proffer the advice that when it comes to working on engines (and I did it professionally for 20 years before changing careers), I have always regretted most what I DIDN'T do when I tried to scrape by.
The thing you need to bear in mind here is combustion pressure. You compress a load of air and fuel 21.5 times in that combustion chamber. At sea level, you have around 14.7 psi atmospheric pressure filling the cylinder to around 85 percent capacity. Add 10 psi boost and you have filled the cylinder to 150% and if you add the appropriate amount of extra fuel, you have a much bigger "boom." You can calculate combustion pressure but my head hurts just thinking about it. Wallace Racing (
http://www.wallaceracing.com/dynamic-cr.php) has a great dynamic compression ratio calculator, which will show you the dynamic compression/pressure (engine running it's cycle but not firing and the effective compression ratio factoring in cam timing). On a stock 21.5:1 NA engine it's 19.44:1. If you factor in 10 psi boost, you get a 32.66:1 ratio. And that doesn't factor in the effect of the extra pressure of the increased air/fuel charge and I submit that a turbocharged 6.9L is running right at the design limits. If you run easy, no trouble is likely. Run hard, you are reducing long tern reliability.