You will notice 50hp as well as the torque gain.
HP= torque*rpm/5252
as you can see, power- in this case, horsepower is dependant on torque. Torque is defined as force around a given point, in this case your crankshaft rotating center. 1ft/lb of torque is the movement of something of one pound of weight around an axis, 1 foot.
torque equals force*radius
All we really feel as drivers is the torque. Dynamometers can only measure torque and they then calculate horsepower. Horsepower is somewhat unimportant as you can see it relies directly on the measured torque.
If the torque curve is nice "and flat" like everyone here talks about, then you have an output that's very "usable" when matched to a gearbox so as to maintain that output throughout the engine's range as well as possible.
So, in real life, coming out of a corner in 2nd gear at low engine speeds, a motor with sufficient torque will exert enough twisting force on the crank axis to "power you out"
You can use a dump valve, or blow off valve (whatever anyone calls it) and should. The dump valve releases pressure between the compressor (in your case a turbo) and the throttle plate when you lift off the throttle. The plate closes off throttle, and without the dump valve the air flow and pressure which was built inside the pipes will abruptly stop and backup onto your turbo causing the wheel on the turbine to stall which some say will lead to premature failure but really it will just take longer to spin back up to speed once you're back on the gas.
Looking at the very small pic on TDI's site it seems that it comes with a Bosch dump valve as used on Saab 900 and 9000 models, as well as by Dinan on their supercharger kits. The valve is decent for low boost but leaks at anything around 15psi.
It looks like injectors and a fuel pressure regulator are included but the picture is small.