The most power you're ever going to get out of any T28 variant is going to be about 300 or so at the wheels, and that's with a bunch of other supporting mods.
If you're looking at a reliable (hahaha!) 400+ rwhp, you're going to want to probably build the motor, and you'll need to use one of the following turbos:If you want to stick with a bottom mount (stock style) turbo, your only real hope is a GT25R or bigger. Even the GT25R may be a bit small, as the most power I've seen someone put down with one of those is 390rwhp, and I believe that was with cams, an intake manifold, etc. I feel your best bet for those power goals is a top-mount turbo setup. Check out the enjuku racing one.
I also feel (no offense) that you need to do some serious reading. Judging by your basic questions (why am I hitting fuel cut, is there a high performance o2 sensor, etc.) you need to have a better understanding of how your car works before you start trying to wring out that much power
~matt