I think it could be going either way, but lean is more likely IMO.
I had a loose worm clamp on the hose between the MAF and the turbo, when the turbo started to make boost, the hose would crumple in and let a bunch of un-metered air into the motor. It was really lean, and felt sluggish all around. I was running low boost, only about 15 PSI, and I was on 100 octane fuel, so I didn't really notice a ton of knock or anything, just poor performance similar to what you describe.
I also had a clogged catalytic converter on the car when I first got the car, it made the car act as you describe as well.
There's a couple things you can do to try to diagnose it without a scan tool:
You can shoot the front and rear of the converter with an infrared thermometer. The rear of the converter should be 100-200 degrees hotter than the front once everything is at operating temperature. If the rear of the converter is the same temp or cooler than the front, the converter isn't lighting off and is probably plugged to some degree.
You can put the car on a dyno with a wideband O2 sensor. That will tell you if you are rich or lean at WOT.
If you do decide to get a scan tool, I like the power logger. The install seems intimidating, but it was pretty easy.
Good luck with it, let us know what you find.