'71 Demon Ebay turbo kit

If you don’t add ring gap, then yes you’re building a time bomb. Even at 8 psi. Disassemble it, gap the rings, add head studs, add mls gaskets, and you’ll have a bottom end that will live a while on boost. I can’t imagine why anyone would build any turbo set up without some form of intercooling, it’s free horsepower. For a street car an air to air is as simple as it gets. Consider this engine a sacrificial lamb while you learn to tune a boosted set up.
Definitely add ring gap. There’s no such thing as free horsepower, there’s always a cost whether it’s time, money or reliability. They can add significant power but Intercoolers are expensive and add significant cost and complexity in packaging. For 8psi, I’d run a blow through carb and a cheap water meth kit. I’m 1200+ whp and still running nothing but water/meth.