I ran a dyno tested 331whp on my 14' K5 that had the turbo 2.0 in it. I had:
HKS spark plugs
JB4 on a custom map (running 23psi)
a custom mix race fuel (appx 109 octane)
Magnaflow Cat-Back
CXRacing FMIC w/Intake
ADD1 catch can
Stuffed turbo (factory housing with enlarged compressor wheel)
Modified Wastegate
In my opinion:
For a streetable daily driver, that's about the most you can safely do without either WMI (Water/Methanol Injection) or more boost (meaning a bigger turbo) and when you get to around 350+whp, the stock internals are going to be at risk, so most folks who are running that number or higher have done their internals, and a fuel system as well, A LOT more $$ at that level. The cars going north of 500whp would also need strengthening of the drivetrain (axles, trans, solid mounts, ect) and will have serious challenges getting traction (if its not AWD).
Making 700whp strapped to a dyno is
VERY different than trying to get that power to hook up on the street or at the track.
I chose to spend the money to upgrade to a 3.3 Stinger GTS before I put that $$ into the 2.0.... ESPECIALLY when you consider the known internal failure issues with the THETA II engine. (TBH, I'm not familiar with the 2.0 variant they put in the Stinger; if it does, or does not, have the internal issues that the 10'-16' turbo 2.0 K5's have...)