FWIW . . . . I tried to back into the numbers.
If I am even close, on the 19PSI @ 118 MPH run, trap RPM was around 6100 with 9% slip (58 lb/min)
To run that number at 14PSI with alky, it is estimated at 6200 RPM, 0% slip (59 lb/min). With alky I would bet there is more timing in the tune as well.
Now, if I run the same numbers on the OP's car with alky, the estimated MPH is 119. With 5% vs 9% converter slip, it jumps to 121 mph.
Numbers are probably off, but it gives an idea of comparison.
There is definitely a BIG difference and I see why you are asking the question, which I am asking myself as well. I agree 110% with Bison though; It is NOT the turbo since that is not the constraint.
Maybe the boost gages are off? (LOL!)
To me, this is pretty interesting and there is definitely more studying to do on my end . . . there is a reason Red runs 123 MPH through a stock IC/Elbow/Air box in TSA. Serious business!