Can't see it doing anything useful. AFAIK, the Pierburg is not connected to the turbo, but to the EGR system.
The V in the turbo spec stands for Variable Nozzle Turbine. These don't have a wastegate, which is what a MBC would effectively control.
I may be completely wrong, but you really, really need to check with someone with experience of tweaking oil burners (I hate them with a passion) before proceeding.