If you are new to turbos, I'd recommend the stage I kit. Stage II is only for somewhere VERY experienced with turbos. I don't know exactly what you would need with the Stage II kit. I think you need some type of stand-alone fuel management system to run it, but I'm not sure.
Max psi depends on a lot of factors. Depends how well your car is tuned, as well as what octane gas you are running. I would say you could pretty safely run 10-12 psi without a problem though. Any higher than that will require more precisioned tuning and also will drop the reliability rate down.
I'd say the most you could possibly run on stock internals (given that everything is tuned to the gills, and you are running very high octane gas, such as race gas) then you may be able to run up to 20-22 psi on stock internals, however I strongly advise *not* to do that unless you are on the forefront of SR20 research
It also depends on what size turbo you are running. 20 psi on a T25 is different than 20 psi on a T88
