'94. 5-97 PSD's were not wastegated. ATS makes a wastegated turbo for the 94. 5-97's.
Ford came out with the new turbo in '99, with the Super Duty. And in mid-99, they came out with the present version. To disable these wastegates, you install a bleed oriface between the signal line and the wastegate actuator. A better way is to install an adjustable actuator.