This is one thing that's really putting me off cliosport, what could be a decent thread turned into crap with people bickering on at eachother over silly things, its getting tedious and boring, get a life lads.
As for the OP, theres plenty of highly tuned f4R's around, If it were me I'd be running a fully forged engine on low boost, less risk and more reliable. I'd say 270-280bhp would be a nice figure for all round usability, whether it be track, daily, 1/4 mile etc.
Have a search for Owen:s, he put a 225 lump in my old ph1, worked very well apparently but I never got the opportunity to go out in it.