woah woah woah!!!!! you are just like me 5 years ago!!!! I got my car dirt cheap...had a few mods in it, I took it to the track once, it never saw the track again!!!! Before you even THINK about an intercooler...you need the very basics...you need the 224.00 on ebay SCANMASTER scan tool. Buy it, install it, and let us know what numbers you have on regular driving conditions!!! DO NOT go any further till you get that car monitored, or youll end up just like me...no short block left after all the grinding that wend on the bottom end!!!!
Secondly...to add an intercooler, it is not just piping and an intercooler...you need to get a different turbo, or re-clock the hot air turbo to not shoot directly into the intake....you need to buy/make a set of pipes and elbows to get that IC to fit...you will also need to re-locate the throttlebody, the throttle cables, and possibly a few other things......
Alternatively, you can use a chemical intercooler known as alcohol injection...relativley easy to install, can crank up the boost on pump gas, and can almost eliminate knock!!! remember....if you learn anything as a young guy like I was when i first got my 84 regal t-type, Knock kills.
Get teh scan tool...get a WALBRO 340 feul pump and hot wire kit from RACETRONIX, and get an adj fpr...those are TR basics...from there, get the scan master, get teh guages for fuel pressure, boost, tach, water temp ad oil psi....I think as long as you have those monitored, you can tune in a real nice ET in relatively stock trim.
before the intercooler mod, get everything up to snuff...Make sure the car is ruunning right to begin with...160 degree thermostat, block up the little metal lines going to the throttlebody along the fuel rail (antifreeze goes through them to warm up the TB on cold starts... Get all the basic stuff done waaaaay before you toss in the big toys and find out you need a rebuild!!!!
Most importantly, have fun...take your time...if it were a race to complete, you must have big $$$.....I have been working on my car for 5 years going on six in a few months....I am going for mid 11's and no intercooler...but i KNOW for a fact, i cant do it without all the basic upgrades...I cant put in a bigger turbo without getting the fuel pump...I cant put a real hot cam timing kit in without the basic postwork done...and most of all... my car wouldnt go anywhere without decent exhaust!!!! Go to GNttype.org and look up TR recipes....They are the basic build-ups that people have already tried, tested and proven, and you can duplicate the results!!!
Good luck
Be safe
have fun!
John