I think having the 2.5 4cyl in a little brick building attached to a zillion sensors with easy component swapping and adjustments might be a more fun hobby than the car itself.
The two main roadblocks I see are:
1) dealing with exhaust noise in a residential area
2) the $1k to $2k for the water-brake style load (http://www.land-and-sea.com/absorber...e_absorber.htm)
So to deal with number 1, some ideas:
-build some kind of crazy thing to absorb the exhaust noise without causing restriction..doesnt have to fit on a car and can involve lots of big space or holes in the ground or water or who knows what
-put the engine cell on a trailer and tow it out to a big empty place where nobody cares if you make noise
-rent a small industrial space with no sound restrictions and put the dyno in there
-maybe if you only do a few runs a day a couple times a week nobody will even notice..not much different than your average shade tree mechanic racing an engine during troubleshooting
-maybe its not that loud with the turbo?
And to deal with #2:
-The water brake is an old device so there might be a patent somewhere I can use to machine my own.
-Look on the used market for some kind of load..to make it worthwhile would have to be $500 or less
-Eat the $$$ and write it off as a business expense for all the insane new products I could develop from having an engine test cell.
Anyone have any experience with this stuff? Seems like a lot of fun! Imagine being able to sit in your comfy chair and fully test out the engine, modifying it and tweaking things without having to do it on the road or at a racetrack. So much more convenient and fast. Then when its outputting 200hp/liter you can plop it into the car lol