Matt,
I would stay away from the high-volumn oil pumps. Plenty of documentation over on TF about that, besides it's gonna be a daily driver. An M86E is a stock SVO pump, it'll provide more than enough oil pressure.
The head is the biggest logjam on our 2.3's. It may be rebuilt but there's gobs of untapped power in there! Some simple bowl reworking and unshrouding of the valves is gonna really open up the mixture path. If you want power, I would seriously consider dumping some money into the head!
Dynomax Ultraflow is what you want, unless you like alot of noise then use their race muffler. 3" down split into 2.5" duals will work just fine.
'87-'88 TC's came with IHI turbos. I suggest a T3 for now. It's bigger than the IHI's. Get it running right (that's the hard part) and later after you become more familiar with your combo, upgrade to a Holset or equivelant.
The VAM from the TC is good for now. You can always upgrade to MAF later.
You want the LA2 out of an '87 5-spd TC or the LA3 from the '88 5-spd TC. The difference between the two is so minimal, it'll never make a difference.
The roller cam from the '93 should work. I think it may have smaller rocker arms. I don't even know if it makes a difference. Might want to check on that.
Adjustable cam gear..........................
http://racerwalsh.zoovy.com/product/RWA1443_SQ
AFPR = Adjustable Fuel Pressure Regulator................
http://www.jdsperformance.com/index.asp?initemuid=147&fcmd=item&inmake=0
Check out MadAdder over on Turboford.net. $125 for that valve cover. Awesome piece of work!