225 slant 6

For a turbo setup, I honestly wouldn't worry about boring it out .03 over. That's what boost is for. And on a 40 year hunk of cast iron, you want as much meat on the cylinder walls as you can get.
The advantage to boring the cylinders out as much as possible is you can then de shroud the valves. Concerning how much you can over bore, I would always have the shop doing the work sonic check the cylinder walls, that is the only way to know. I recently had a last year 1987 slant block safely over bored .080 and it could have gone bigger, but that worked with the pistons that I wanted to use. If you need an big bore slant head gasket AussieSpeed has those.