i'm sure its been done before, but its very short life in terms of performance when you want it, and possibly engine longevity too,
not sure its worth it on anything other than a drag strip weekender in my opinion.
as i said before, to turbo or super charge something properly, i.e. drop the compression to the point that you can run the levels of forced induction pressures that a purpose built forced induction engine runs, is a heck of a budget, and still with some potential pitfalls.
the same, well probably less budget, would be better spent on making it a really efficient and reliable normally aspirated engine,
again, in my opinion.
most adapted engines can only cope with pretty low levels of boost, say typically 6-10psi, which these days is pretty low compared to a purpose built motor with charging on the design sheet, so to cope with say a bar or more, like a proper tuned charged car, the budget just sprials ever more.
i'm sure sputnik won't mind me saying, give BLS a call, they'll tell you how to extract reliable and useable power from an 8v motor, and give you an idea of the budget involved.
if it were me and my 16v, i'd be thinking rebuild, with worked heads, mildish road cams, vernier pulleys, maybe a threat off the flywheel and a bit more compression, exhaust, cold air induction, and see where we're at as far as what the stock injection would deliver, then beyond that and to make the most of the hard parts, throttle bodies, maybe megasuirt and mega jolt, and a stand alone ecu to bring it all together,
but by then i'd be single and divorced, homeless, penniless, and very likely banned too!
but very happy with my car! ha ha!