"Does the t25 not do what it was designed to do?"
Just barely. It is at capacity on our cars.
"Does it not provide the correct amount of boost for the stock engine?"
It provides the amount of boost as specified by the factory but it does not provide optimal boost for the application.
"Does it not help with turbo lag issues while still providing the correct amount of boost?"
If you wish, you can think of the T-25 in NASCAR terms as a restrictor plate. The trade off for the T-25's fast response is that it's itty bitty and will flow no more. The same 4G63 motor comes equipped with either a 16G (JDM motors) or a 14B (USDM motors) For 99% of the folks out there the 16G is where it's at.
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Wanna keep it stock? Look at this.
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"Would a different turbo have gone alot more than 90k miles before wearing out the bearings?"
Never driven a mile on the T-25. Since 1993 I have had a 14B, two small 16Gs and a FP hybrid called Green. I had been running 17 psi or better on those turbos without any issues. The Green runs at 25psi but has only 15,000 on it. Some turbos have better thrust bearings than others. Those Mitsu turbos were all sold on the trader and were in good condition; I've never had a turbo fail but then I've never ran a T-25.