Provided you are prepared to spend some time playing with the settings in the Motec then, IMO, it's the best option for boost control. However using the stock VSV is not the ideal solution, especially if you want to run high boost. This is because it is a two port solenoid and can only be used as a bleed valve. Either after the wastegate actuator, in the case of the stock turbo, or off the line going to the actuator for an aftermarket actuator or external wastegate.
Using this type of boost control means that the maximum boost is determined by the flow through the VSV. This is ideal from the manufacturers point of view as it can limit the maximum boost even of the valve fails in the open position, but is no good if you want to increase the boost. You could drill it out for more flow but this leaves the other problem of the bleed off design, which is that the wastegate will still partially open before the desired boost level is reached, this delays the spool up of the turbo.
A better solution is to get a three port solenoid, which has a bleed port to allow the wastegate to shut when the valve closes. This is placed it between the turbo and the wastegate like most aftermarket controllers. You can do the same with the Motec by using a Delco (GM) boost control solenoid. This is a far cheaper option than an aftermarket Boost controller, especially if you source it from a GM parts supplier, rather than through Motec. Cost is approx $US35+shipping provided you can find a parts supplier that will ship outside the US. Part #'s are;
1997152 Three Port Solenoid (for a GMC Cyclone)
12102747 Connector
I haven't tried to order one from the US before as I couldn't find a supplier that would ship to NZ, but a quick search on the net comes up with
http://www.trademotion.com/partlocator/ ... eid=213815 as a possible source, at least they don't specifically say that they don't ship outside the US.