Mate i wouldn't even run your car as it is without an oil cooler, never mind more boost, we saw near 150degrees on Emma's car when it was running low boost setting during run in period, and that was only on the 14miles on M1 from Northampton to Milton Keynes at 80PMH.
The boost could be due to waste gate creep due to it being old, i noticed your car has bleed valve on it last time i looked, sure fire way of trying to overcome a tired turbo wastegate, cracks all over turbo which is v.v.probable on these cars as its not uncommon to get hairline cracks on turbos anyway, but with no cooling to the oil, & it being the only thing protecting the bearings on these cars, it could have bigger cracks which leak boost (mine did this tho due to wastegate jamming so ran 1.5bar at first then leaked away once cracks opened up with heat expansion, lol), especially if turbo has done more than 30K with no cooler.
i would also measured the compression ratio as if its not lower than 8.6:1 then detonation is a real problem, mine runs 8.2:1 VAD machined the pistons to run normally 8.6:1 (standard car 9.6:1).
I would also aim for getting power elsewhere and getting the car healthy, like proper head work as a ported and polished head gives more results on a turbo car than it will on a N/A due to moving even more air/fuel through it, flowing the manifold better as the design is compromised.