UPDATE:
Brother took his car to the dyno yesterday and put down a best of 545WHP, several runs were over 500WTQ as well. Found out his wastegate is too small as its causing bad boost creep, once he gets a new wastegate installed he will go back to the dyno looking for more. Keep in mind this is a bone stock 86 VG30ET bottom end (actually worse it has small dents in the pistons from when the valves collided 4 years ago), with well over 200,000 miles on it and plenty of hard pulls at high boost levels.This was also on the stock mass air flow sensor. At 14PSI and the boost controller turned off it dynoed at 403WHP and 388WTQ.
Heres a vid from yesterday:
http://www.youtube.com/watch?v=iJa5qr4RIIM
For a list of his modifications and a discussion on the dyno look here:
http://z31performance.com/showthread.php?23396-545-RWHP-540-RWTQ-Stock-Bottom-End-MAF-Ignition-etc&p=357886#post357886