The boost is more or less to let you know when your getting into a danger zone (12 psi plus). extended time in the "danger zone" or too much boost and your heads will lift.
the exhaust temp shouldnt exceed 1200 degrees ( some say a little more but I err on the side of caution, no one knows how accurate a gauge really is). If your exhaust is too hot then you could do piston damage.
These gauges, an eye on your exhaust color and consistancy, as well as your engine's "sound" will tell you how your engine is doing.
Is your truck an "f-superduty" (aka f450) or an f-250 or f350?
punk