Let's try taking a pragmatic look at what you must do to rebuild this engine first and then examine the low cost performance option.
As I understand it you've got an NB8A BP4W engine with standard inlet and exhaust manifolds and a cracked piston.
To bring this engine back to life the block will have to be stripped down, almost certainly rebored, maybe decked, new pistons fitted and it would be wise to upgrade the bearings, balance it all and get some weight sliced off the flywheel while it's all there in pieces. The head will need checking for cracks and heat damage (because cracked piston) , some shaving and you might as well get a 3 angle cut while it's out too.
Don't be tempted to do heroic head shaves. Changing pistons to high-comp ones is a far, far safer and more effective route.
After machining, gaskets, seals, bearings, belts, etc you're probably looking at around $1,500 -2,000 just to put it back on the road in condition good enough for some reasonably hard street driving, but not real racing. That's the base cost before you start any significant mods, for both hottie or turbo options. The only difference at this stage is whether you buy high-comp pistons for hottie or low-comp pistons for turbo - though the price is pretty much the same.
Done well this will be a much better engine than you could ever buy second-hand.
Whichever way you go you then need to think about a proper exhaust. Add $1,000 and get a decent custom build from a reputable builder like Nitro Dann or T&C.
Likewise you'll need a decent ECU. Browse the other ECU threads on this site. Realistically you're up for at least another $1,000 there for one which is working and properly tuned for whatever you do.
For safety I'd throw in a coolant re-route, whichever way you go, too. Add $200.
As an alternative to turbo or mad n/a builds you could now consider a low cost natural build. This would involve getting rid of the lousy NB8A manifolds. Get an NB8B exhaust manifold. Also get either an NA8 inlet manifold with an adaptor plate or an NB8B inlet manifold - there's no real difference in performance though the NB8B option is a bit simpler to fit up. Get some low-level porting done on the head and inlet manifold; match up all the ports and flow the throttle body into the manifold. . You can do this yourself with a die grinder or a dremel as long as your keep it all very modest. Just remove the dags, smooth the ports, match the mating faces, open the bowl above the valves out a fraction, etc. If you're putting in hgh-comp pistons you can take a bit of metal out from around the valves (unshrouding) but just be really, really conservative with it all. Serious port shaping needs serious skill, experience and equipment. Anyone with patience and common sense can do a reasonable modest tidy-up.
If the head work is done effectively and you decide you are happy to drive the car between 3000 and 6000rpm with the odd squirt to 7500 then you don't need to spend on cams for a street car.
That low-cost build will set you back anpther $500 max on top of the $3,700-4,200 for the basics, the exhaust and the ECU that you would need to spend whichever way you go.
At the end of the day, for $4,200-4,700 you would get a silky street motor that spins freely and safely to about 7500rpm. It will be totally tractable in traffic. Power will be up around 30% from stock to around 100rwkw but the spread should be much better than stock. That spread, combined with the ability to spin freely will make it feel like it's got a lot more power than that. It will pick up easily from below 2500. Remember a real screamer will bog at anything below about 5500.
And it will be a hoot to drive.
If that's not enough for you then just take my base cost and add as many $000s as your wallet can bear for mad hottie or turbo builds ....