I agree, don't waste the money on the engine, get a 7M, 1JZ, 2JZ, or 1UZ for it. Sell your's to someone with an ae85/6, early celica or something, those are the kind of cars in the weight range that would suit the 1G-GTE. To be honest a 3sgte would even be better as it makes more torque, and weighs less
But, if you must stick with it, the ct26 wouldn't be too bad, many people run the Supra ct26 on 3sgte's without much additional lag. I wouldn't bother trying to stuff about making a sequential turbo set up, if you're that fussed get a GT series ball bearing turbo or similar.
Also the 2.5" exhaust should be fine if it's a good one (mandrel bends, good mufflers), unless you're aiming for more than about 200+ kw @ wheels