'94IDITurbo7.3
HAMMER DOWN!
it actually is if you want to go higher than 300whp and have it be dead reliable.
Umm ya dropping a fummins in isn't all that hard, all that really needs done custom wise is motor mounts, everything else is readily available in the aftermarket (haven't researched prices) I will admit prices for the engine itself varies from $1k to $4k but theres no cheaper way to get 500whp out of an idi based truck at least currently
There's no need to do a crazy build if you're hunting 250 hp. A 90 cc DB2, and well sized turbo will do the job as long as the rest of te engine is healthy. You can have that IP for under 700 dollars, and piece together the turbo setup of yoir choice for less than 1500. So your looking at maybe 2000 dollars and maybe a weekends work.
To put the boost vs cfm thing into a real time equation you would get similar if not better power out of twins pushing 15 psi than you would with a single turbo pushing 30 psi. Assuming both setups are properly sized to run the specific setup.
go check out the idi section at ford-truck.com
A LOT of these exact questions/thoughts have been answered.