Slow your roll there. No one's asking you to keep your ideas to yourself: this is a discussion forum where people will have varying ideas on builds. Sometimes those ideas will be different from yours. I'm typing all this out so people can make informed decisions about their own builds - not trying to kick you in the nutz.
* 1.6L 8V = 80HP (~60% shy of the 2.0L)
* 1.6L 16V = 95 HP (~30% shy of the 2.0L)
* Your ricer friends aren't nutz. But, if they're squeezing 800 HP out of a 1.8L, his power band is going to be very narrow, and I guarantee he's got turbo lag. This isn't something you're worried about in a race, as you only need a very narrow (500-1000 RPM) power band, it's okay if it's the last few RPM on the tach, and a blown motor won't leave you stranded 100 miles from anything resembling a parts store. In 4 wheeling, we generally have opposing power & reliability needs (we want the power quick, early, and across a broader RPM range). If you want a mustang-eating sidekick, more power to you. But to make the suggestion to build a high HP Turbo monster to someone else, one should also mention the draw backs.
* It's my understanding Volvo tends to turbo larger (2.4Lish) engines (I believe SAAB does the same with mid-2L engines using Mitsubishi TD04 turbos), which pump more exhaust fumes and therefore can spool turbos much more quickly than a 1.6L or 2.0L. BUT, to get the kind of HP you're talking about, a larger turbo is needed - which will spool less quickly (read: turbo lag). Volvo also uses forged bits in their tubo blocks, so they last longer - not sure about SAAB, but I'm sure they beef up their internals too.
Other turbos donors to look for if you're going the junk yard route: Subaru, small industrial diesel engines, Mutsubishi Eclipse & Tallons, some Ford T-birds...
Sources:
http://en.wikipedia.org/wiki/Suzuki_Sidekickhttp://en.wikipedia.org/wiki/Volvo_B21_engine#B23_Turbo