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First, I'd look carefully at turbo removal. Things like getting PB Blaster on some of the nuts and ordering the O-ring(O-ringS: buy several) for the return pipe, etc. The rest of it is pretty basic. A pain in the butt, but basic.
Actually, I'd rather pop out a turbo than fix unwound 240 windshield wiper cables like I had to do last night.
It does sound like the turbo is going bad, obviously the seals. If it isn't smoking too badly, you can still drive it and get an idea together of parts you'll need, and where you're going to have it rebuilt, etc. Then when it comes time you'll be geared up for having it replaced. If it's blowing tons of smoke, though, I wouldn't really drive it.
Make sure you have some good box end wrenches and a few sizes of ratchet with extensions and 6pt sockets. A little variety makes it easy. I think I've used a little 3/8" drive non-ratcheting handle for some of the reaches because it has a really low profile. They're inexpensive at Sears, and anyway, any excuse to buy new tools is a good one.
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Chris Herbst, near Chicago.
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