I've just had the best drive of my car in ages............i'm still grinning!
I re-read Brigsy's advise above (thanks mate) and checked all pipes etc, the only thing i'd done recently was add back in a dump valve, god knows why, i was trying to eliminate problems and thought i'd try it. anyway wipped it off, took the car out and it's boosting 18-19psi and the fueling is spot on. Downside, the turbo is definitely smoking.
So my answer.............if its on its way out! take the turbo out in style!
I went for a good blast, it was brilliant. I headed back home when i pulled up at one set of lights and got funny looks off people because of the amount of smoke chugging out the exhaust! Anyway, pulled on the drive, threw it in the garage and watched the blue cloud slowly drift across my neighbours garden! looked like something out a horror film LOL.
Car's now cooling down and ill whip the turbo off in the morning, i have a T2 i can use or ill try see what else i can get my hands on between now and Friday!
I love these car's...........