Yes, that IAT sensor will work... you will need the wiring harness pigtail...

Would really be best if you had a serial wideband - just a thought - they give better and more reilable data... I personally like the Innovate...

You will need a way to raise fuel pressure to compensate for the boost - most do it with either a boost referenced regulator or a fuel pump booster (increases the votage to the pump under boost to raise pressure)...