If you haven't checked the 3S-GTE power primer on mrcontrols, do so now:
http://www.mrcontrols.com/primers/primers.htm
If you're looking for 350hp, you don't need to go overboard with all that blingy stuff to make that power. People tend to overspend on forging stuff when they don't need to.
I'm worried about that engine of yours, sounds quite knackered, a healthy engine should take 350hp no problem, I'm doing 300hp @ wheels with my $500 engine that has done over 200,000kms.
Areas you might want to look at is the tuning to get to 350hp. Sump baffles if you're feelin' bling'd up. And even an intake manifold.
Spend the rest of your cash on fuel mods and ECU / tuning.
Not taking into the engine rebuild into account, you should be able to get away with $2000 for turbo, $1500~ for ECU, $1000 labour, $700 tuning, $500~$1000 for Fueling mods (Fuel pump + injectors).
Power don't come cheap (That's why we don't see 500hp 1200kg cars often) but that's the best deal out there for 3S-GTE, factory cams will get you almost 350hp, after that you can do a staggered setup with an intake cam only and you'll hit 350hp imo.
If you're starting to back out already (Hey I don't blame you, it's really $$$), you can get by with a ct20b, a nice downpipe, and you'll have some fun, just make sure you don't overspeed those turbos.
Get a decent gauge to monitor your boost levels, they're cheap ($250~) for a Japanese gauge.