Very nice! I did the same thing, but on my 86 turbo Z31. I used a Greddy type-R wastegate. You're right... it is like a chainsaw.
Downpipe (sorry about pic quality)
Wastegate
I used a 1.75 inch hole saw, and cleaned everything up with a die grinder. The dump tube is SS, but the feed tube is mild. The downpipe/exhaust is SS as well. I was lucky enough to have a TIG handy. Your mig welds look great. I can't mig to save my life, but tig is another story . I welded on a V-band flange on the turbo, and had to make a filler piece for where the internal gate flows into the exhaust, so the turbo has SS welded to both cast and mild. 6 months of getting it to 1500F and back to normal temp and no cracks. I love that holset.
BTW, the wire loom has not melted, but I wrapped it as well with header wrap.
Good to see some fabricated parts look so clean. Very nice setup.