depends really what you want out of it.

The intercooler is really more a saftey thing, cooler intake temps etc will obviously be a good thing.

If i was you personally, i would get the intercooler,
keep your boost at the factory 7/8 psi and run your breathing mods.

If you wanted to go a little way further, you will need a fuel cut defender, then you can run i think

(dont quote me on this) a safe 10 psi if you have the intercooler which in theory again should give you approx 20/30bhp increase but please check this first.

The main hold up on the rev2 is mainly the paper headgasket, and your air flow meter.

If you sorted the hg, and replaced with a steel one

(be it rev3 toyota one or overpriced hks one) then your ready to run around the 1.2 bar, but im not sure on the limits of your afm, fueling etc.

Do your research on here, theres a wealth of knowledge between the guys here, but as i said start off with basic breathing mods, filter, downpipe, exhaust and a nice intercooler then run that for a while at stock wastgate pressure, then go from there mate.

But be prepared, it turns into a spiral of

££££££££££££££££££££ notes

Keep me posted, will be interesting to see the gains on just the above before increasing boost

HTH

dave