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I am not Klaus, either .... but,
I have owned a '98 V70 T5M since mid-2002. In that time, I have had zero maintenance or repair issues with the turbo. As Klaus will eventually tell you, the turbo is one of the most reliable compnents of the T5. Just be sure to use Mobil 1 (or equal) religiously.
My biggest repair item was the replacement of a failed AC evaporator, which required a major field stripping of the front of the cockpit. Other than that, it has been the usual preventive and corrective items. You are already a Brick owner, so you know.
As for acceleration ... if you are looking for more kick in the pants, IPD vends a variety of "enhancements". I might suggest that you begin with a so-called "Stage One" upgrade: Sport Exhaust and ECU reflash. That mod alone should take you from 236 HP stock to 285 HP. Trust me, you will notice the difference. Next, I might recommend an HD Turbo Control Valve upgrade. You won't see any additional horses, but your existing horses will arrive at the party much sooner. After that, you are on your own.
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