not going to bash your plan or anythign, but if you want to build a "race motor" then plan on using a different turbo and be ready to spend lots of money on machine work for the head and block. its goo dyou want to research everything, but its also very easy to get 300hp out of these motors with a stock rebuilt engine, a mildly upgraded turbo (almost stock), and a few supporting mods, all done for pretty cheap.
http://www.phase2motortrend.com, shoudl have everythign you really need for a 300hp goal. Donty spend money on shiny fancy parts that arnt necessary for this "built motor", i quote it because 300hp doesnt need much to be reliable.
with no real supporting mods besides full 3" exhaust, t28 (S15) turbo, boost controller, and FMIC, i made 270 whp at 14psi. If i install my bigger injectors and cams i have here, ill make 320 at 18psi, then ill be maxing the turbo out tho.
so good luck to you, keep it simple, keep it cheap, and buy reposibly.