Pick your path, but boost can be far less expensive, or easier, depending on goals and fab skills. In this case, 180-200hp, with good fuel and timing tuning, 6 psig boost is right at 185hp with a bone stock engine (except fresh or up-rated valve springs) at 5000 rpm. Pushing a bit over 200hp at 8 psig. That's 289 2-barrel performance. With a touch of water injection and 11 psi, about 225 hp for 289 4V performance. Actually a bit better as the torque curve is wider, and 200cc/min of water (instead of an intercooler) will push it to about 250hp.
For the power and especially solid reliability, tuning is the key "part" to invest in. Any improvements for NA performance either add to power with boost or need less boost to hit the same power. So, mods are good if they don't suck too much budget or time. This stuff is only to indicate a baseline for options to meet your goals, and to compare with other options.
I used stock specifications for calculations, and extended cam curves under boost. Typical calc results are close, and conservative. At 6 psi, the turbo isn't making enough heat to warrant an intercooler, so it's a matter of adapting the exhaust for the turbo with internal or external wastegate, the charge piping, shimming or swapping the valve springs for a bit of rpm and to offset boost pressure, a step colder spark plugs, a tank of good fuel, and start tuning.
*Calculations were at 12.8:1, 0.5 BSFC, stock head 68% VE, NA peak power at 4400, compressor efficiency 75%. At peak rpm and 8 psi, the flow to plot a good turbo is 260 CFM (19.5 lb·min or 0.123 M3/sec). Hope that helps!