The fueling is controlled by the Maf sensor and how much air is flowed thru it. You will be running rich when the car enters into fuel enrichment(30 percent throttle-WOT) but other then the car being balls slow it woulnt really cause any issues other then maybe contributing to cat failure and maybe fouling a plugs. Your car will be considerably slower then say a GT because of the lower timing and fatter fueling and lower compression

Bogging when entering boost sounds like you have some Knock retard issues or a misfire. Whats your mods