yes induction ignition, waste spark, powerful stuff, will really make you appreciate life when it zaps you
the "potential" of the engine is approximately 600hp at the flywheel depending on how well you can prevent pre-ignition. the engine is all stock with the exception of upgraded valve springs for the turbo application. if a person has the extra $1k laying around a set of forged pistons raises that bar to around 750hp, and with H-beam rods around 850 which is where the cams run out, with cams and a treated crank around 1200+ but that gets very expensive and not worth it, when a stock ls2 can deliver that power for less money, also...you cant plant that on the street. and useless dyno numbers do not impress me.
but what i will ask out of the engine will probably be much lower as the chassis cannot plant that much power on the street and it is a street car with street tires, so a conservative 350-400whp will be more than enough to make it silly with the 375-450 lbs/ft of torque that will go with it from this grunty little engine.