1994 4BD1T Garrett Turbo questions
I'd also check some other basics like are you getting full throttle travel at the pump when foot is to to floor. Wouldn't be the first time power has been low due to a floor mat under the pedal, or the bracket on the engine has come loose.
Dodgy inlet hose collapsing under vacuum, clogged fuel filter or inlet screen at the pump banjo.
A couple of turns out on the max load (fuel) screw on the pump should at least give you some more visible smoke if the fuel supply to the pump is ok.
As Vern says, having a boost gauge would give useful info. Even if it's just a cheap mechanical one with a flex hose running out the side of the bonnet.
Steve