well, at 4 lbs boost, assuming you have a perfectly running K0, with no modifications, we are talking 67 crank HP.
With lets say, 80% efficiency on the turbo (this is aircooled, no intercooler, after all), you are looking at 81.7936 crank horsepower at seal level.
Hardly worth all the work of a turbo.
You need to run half a bar just to make it worth it.
Half a bar with the same engine, unchanged, gives you 93.8.
As mentioned, though, you'd probably have to retard timing and lower the compression ratio, which, well, drops the initial crank horsepower, so your total output would be less.