It absolutely will, the stock chip was not designed for todays gas. Now I do not know as much as the true gurus do, but I know that there is WAY too much timing in it for todays gas. I dont believe it matters that he has an 86/87 computer in it, but the chip DOES matter. Also as far as the wastegate is concerned, you need to make sure the vacuum plumbing is hooked up correctly, or it will overboost as you are describing. do intense research. I bet if you kept turning it in a turn or two and driving it, you could get the boost set correctly. BUT, I am telling you right now, the stock chip WILL make the car run like GARBAGE. Ask me how I know. I would not even drive the thing until I ordered a TT chip for it for starters. That car can be a 12 second car with some money, but more importantly, knowledge! Be patient.