Assuming your injection pump can keep up, this should work.
You will need to verify that the oil pump in the GM is adequate-I've heard that all GM oil pumps are crap. YMMV
Install an oil cooler, and do your plumbing so that the turbo gets the coldest fresh-filtered oil possible.
Install an adequately-sized intercooler, so that you can keep your exhaust temperatures down.
Install a boost gauge, pre-turbo exhaust pressure gauge, and pre-turbo exhaust gas temperature gauge.
Hang on tight!
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