Running the exhaust through a turbo doesn't remove any harmful emissions. The EPA mandates are met in the injector pump, injectors, and related tuning starving the engine of fuel.
After turning the engine down so much to meet EPA, they had to add a turbo in an I'll attempt to get the lost power back. They advertise it by the wonderful fuel economy of the new engines.
A 2.9l is perfectly capable of burning 3gal an hour under a load seeing max volumetric efficiency. I would put my wager on the engine giving much more power if it wasn't starved of fuel. OEM tune is so lean you won't even get a puff of smoke under a heavy shock load in most cases.