1 - The point of turbocharging is overcoming limited intake tracks with forced induction. Porting will increace effiency and reduce inlet the tempature some, but is not critical to a successful turbocharged system.
2 - 93 octane or E85 if you have it local. These wil provide great power and won't have you chasing after race fuel.
3 - Yes, you will need a gasket kit. You already have forged rods and a forged crank in your 401. Forged pistons with a compression ratio that complements the camshaft are critical to the torbocharged system ( your cast stock pistons will not hold up anyway). Big cams with lots of overlap are not good for a turbocharged system. They can cause "blow through" that forces part of the intake charge out the exhaust port when both valves are open during overlap, or "reversion" where the exhaust pressure built by turbo pushes exhaust gasses back into the cylinder when the both valves are open. Neither are good for performace. Many hot turbo cams are much like the ones in your stock vehicle.
4 - Call burtonmachine@charter.net at 509-860-3370 and ask for Mark. They are making turbo kits for the 455 and 350 Buick. I think they would like to get involved in a Nailhead project. You may also want to consider an intercooler to make the engine more powerful, durable and able to maintain continious application of the turbo.
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