I used to have the 20V non turbo Coupe and it as a lovely/great car. I preferred it to the 20V Turbo because it was a little more driveable and had a better turning circle. When you are negotiating mountain passes with tight, near standstill turns then the non turbo model is easier to get around these bands and not launch you into the opposing wall
Talking strictly about 16V Turbo vs 20V Turbo then both are cracking engines. For me the main advantage of the 16V 4 cylinder engine is that maintainability is far better. For example for the 20V the cam belt change requires the engine to be slipped to one side (Fiat say take it out). Slipping to one side requires partial suspension and engine mount disconnections, battery box removal and some other stuff I can't recall. However on the 16V engine it is what I would call a "normal" cam belt change.
In terms of grace and smoothness the 20V / 5 cylinder is a peach of an engine. It is however a big and complex lump.
The 16V engine is as far as I recall essentially of Lancia Delta Integrale makings. Like all Fiat/Lancia 2 litre engine blocks, cranks, con rods etc. they are pretty much bullet proof. They can take abuse and modest engine performance tuning requires no special block/crank/con rod alterations.
Bearing in mind the Integrale's motor sport heritage then performance parts, tuning and associated expertise are not an issue.
In terms of a 16V Turbo being made to out perform a stock 20V Turbo then I do not see this as an issue.
Suggest you have a look at
http://www.fccuk.org and other similar sites.