Oh baby...
Sounds like an old Crown Knock-off unit.
The boost is really controlled by the restriction on the inlet, and the plugging of the exhaust. Crown units used a Corvair Turbo, and they would make 17# no problem!
There is no intercooler, and you CAN'T use one on this system! The fuel particles will fall out of suspension. Thing is, on this system, you don't need it. The fuel acts like intercooling, keeping the discharge of the turbo relatively cool.
The lines you have on the carb bottom is for manifold preheat. If you are keeping with 7# boost, that's fine, and really helps drivability. But if you replace that setup with a holley fourbarrel (the four barrel casting was still available from turbo city in orange as of last year) then you may want to consider prividing for a water shutoff under boost to allow maximum inlet cooling. Under boost, you want cold air into the turbo, not the warmer stuff that gives you good drivability in cold weather.
Get the turbo timing master module, before trying to go higher in the boost, just for safety's sake.
That system can run all around all day long with 17# of boost, you just need a few small things to get there.
Uncorking the exhaust will give you more boost---what is it currently?
Uncorking the inlet (carb sizing) will also do that, too, but you need to do the exhaust first...
If you want to come up in steps, you can always fab on a deltagate of something to control the boost.
Problem with the old systems is getting jetting correct, cause the longer the foot is in it, the more boost it makes...