There are no downsides to a working and well tuned boost compensator on these engines. Here's what you need to do.
Step 1. Remove the hose and blow down it. If it leaks, then you need a new diaphragm inside. They cost about $100.
The diagrams John has put up show the function well, but what they don't show is the adjustable screw on the rocker. To adjust this you will need a long 10mm tube spanner and a long flat blade screwdriver. The tube spanner is to crack loose (and retighten) the locknut, the screwdriver is to adjust the screw on the rocker.
Step 2. Remove the boost compensator from the pump, (a few bolts, easy, it will dribble some oil but no flood). Mount it in a vise, unscrew the cap over the rocker and familiarise yourself with the locknut and adjuster screw. I had to mod a tube spanner to fit inside (skimmed the outside on a lathe). Do this with it in the vise, you'll never get it on the vehicle first time.
Step 3. Unscrewing the adjuster screw increases fuel. 2 turns is a lot. Adjust it 1 turn in the direction you think it needs to go (unscrew gives fuel sooner, with less boost).
Step 4. Put it back on the vehicle, test drive and keep incrementing it half a turn until you get no visible smoke but still rapid spoolup.
Mine has a roughly 3psi range of operation, I used to run it starting to move at 4psi and fully open by 7psi but I had to back it off a little with a bigger and more laggy turbo.
It is also possible to replace the spring under the diaphragm with a weaker or firmer one for further tuning. But I didn't find this necessary. Setting the start point worked well for me.


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