One thing missing here as a power limitation imho, is the exhaust side on the stock turbo. The turbine housing is not designed for high HP output but quick spool.
I don´t know if anyone remembers how the stock n54 setup performes. But i barely feel any turbo and it rather feels like NA car.
Turbos like the HP650/800 have a bigger turbine housing which reduces the backpressure, reduces pumping losses, increases cylinder scavenging efficiency, which is a big bottleneck on the stock housing.