I took the weekend to mull things over, I'm not convinced my boost leak test was conclusive and points me in any one direction as far as next steps, or I just don't understand the results I've seen. I'm looking for some input.
To reiterate, when I tried to pressurize the tract from the turbo inlet to the engine, the pressure bled off quickly. I pulled the boost leak tester off and reseated/clamped it, and I started the engine for a moment hoping it would come to rest with the valves all closed, it was better than before, but pressure still bled off in 10-15 sec, the only place I could find it escaping was through the engine, it could be heard loudest with the oil fill cap removed. So air was getting into the cylinders, and presumably past the rings and venting through the valve cover. Or possibly past valve seals? The engine was cold for this test, I'm not clear if this should be concerning or not?
People suggested earlier in the thread that the valves being closed wasn't something I should worry about, it should just work out. I'm not sure how I could do a more controlled test in this instance, to ensure the valves are closed.
I ran the engine with the oil fill cap sitting loose on the valve cover, it doesn't dance around like some vids I've seen that indicate excessive blowby. The engine doesn't have issues with clouds of smoke out the exhaust, or excessive blowby pressure, I have no reason to believe there is an internal issue with the motor. It starts quickly as it always has, with a puff of black smoke that quickly clears. Other than the slow to build boost, failure to hold expected boost levels under sustained load, and general laggy turbo response the engine still runs great.
Have I seen anything here to indicate I should be taking a closer look at the engine, having compression and leakdown test performed? Or should I move forward with pulling the new turbo back off, inspecting thoroughly, and if nothing can be identified replacing the factory turbo to see if the symptoms follow the turbo or remain? It's an 8 hour job for me to re/re the turbo, so I don't want to keep doing this big job for no reason.