Hypereutectecs are Cast, they just have a higher silicon content that limits expansion, so a tighter fit is possible. This also results in a more stable piston movement, which is good for NA applications.... However, detonation kills Hypers just as easy as it kills Regular cast, so your tune has to be on.
From what I have researched, the SOHC pistons are hypereutectic (pretty much any piston in any modern engine, is hyper) and hold up fairly well to boost. The problem with the SOHC is the swiss cheese deck, and the likelyhood of blowing a HG with the high compression ratio...What I have heard is around 7psi is a good safe number for a stock engine. Even at that, your looking at 300+ hp, which is plenty through a ranger tranny...