Well I talked to a local guy and got some good news from him. The noise is not an engine noise but a fuel pressure regulator failure. I can only hope that the Tech tests the changes made before failure as the root cause. The boost #'s I was seeing are a symptom of the failure. 2PSI going down hill with 0 throttle input, high boost low MPG's at normal operating parameters.
Thanks for the concern about the oil situation, but new pump new failure at 160~200 miles seems like the answer.
I'll post as the situation develops.