A long time ago I test drove a '81 Turbo Regal that was a real dog, but was driveable. I figured the turbo was shot, but I don't know for sure.
Most turbos seem to have leaky seals when they go, not siezed bearings. Leaky seals blow a lot of oil, but otherwise run. A siezed turbo would run too I suspect, but non-spinning impellers would be a big intake and exhaust restriction.
If the turbo was removed, the carb couldn't be connected to the intake. If a non-turbo intake was installed and the exhaust was connected up, it could then run. There's more to do if you want it run effectivly.
Is your turbo bad?