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I really like were your going with this and have thought allot about it also.
But being a lowly stock 318 I would shoot for more around 5 to 8lbs of boost with a single Turbo and see how she likes it. Ive seen it done succesfully in completely stock 1600cc VW air cooled motors.
Big difference of course but the overall theory is the same.
(taking small cc's and cramming as much air and fuel in it as it can take)
Twin Turbos with 10lbs of boost is to much for a stock 318.
At least it will be once you feel that turbo kick in and your right foot cant stay still.......
Good luck and keep us all posted.