i did an experiment.
i disconected the wastegate back when my truck was stock. with the smarty on 4. 4 level 9 i managed 350hp ( 390 on watter meth ) i was seeing 45-50 psi.
i hooked the wastegate back up ( 28psi ) and made 400 on #2 only, with alot lower egt's. i also made 450 on watter... .
more bost is good , if its still in the compresor map, and if your still at a 1:1 boost:drive ratio
another friend tryed an adjustable boost elbow on his early 04, no real change up to about 32 psi, after that egt actualy went up and power went down. we checked drive presures and they were good up to about 26 psi, then it got proportonaly worse the higher the boost.
from the looks of things in your sig..... i wouldnt bother, you'll prob loose power. the only thing i can see that you might gain is a slight performance increese at light throttle.