More power yes, more gas yes.
A diesel will take all the air you can give it, and a turbo always is welcome. Gas needs approx. 14.7 : 1 air to fuel, so if you give it more air, more fuel has to follow.
The links posted above are interesting, but might as well be on another planet. The 2.2L Chrysler engines are factory turbo'd, he was just improving that, I think, as I couldn't really wade through the whole thing. The slant 6 "for power and economy" is farther out. Often touted as "...the best engine ever made..." by various people of sound but limited judgement, it is so woefully under performing in stock tune that pushing more air into it and keeping it below 3000 rpm (again, I couldn't really wade through much more...) would certainly improve it's pathetic stock performance.
Your 5.4 is in a pretty good state of tune. Improving will require serious work and money. A backyard turbo job is not the way to go.
Scroll down and see a frontyard turbo job...
5.4 Ford Lightning engine - GT40s.com
Ooops, looked at it again, even though they are talking 5.4 and supercharging on that site, the turbo motor is a 331, 302 based motor. My bad....