A remote mount setup will always have more lag, regardless of the size of the turbo. I've ridden in one of their cars(My dad's friend owns one), a Vette with twins...and it had a decent amount of lag. I've seen their setups up close and in person, and while they do good work and make it look pretty, the remote mount setup isn't as efficient as one with the turbo mounted closer to the motor.
30 lbs is a big deal...if you're building this vehicle for performance, which is probably not the case here...just some guy that bought a truck rather than a sports car, and for some reason wants it to perform like a sports car..
No coolant? Well, your shiny new $1000 turbo is not going to last very long, unless of course if you bought one of those 'ebay' turbos that run for ~$200, in which case it'll have an even shorter life. If you are spending a good amount of money ($2000) on a REAL turbo, having it last more than 10K miles is a priority.
Remote mount setups are definitely effective, any forced induction setup will be, the problem is, they are not
as effective as it should be, because the Exhaust and Intake charge have to move farther, losing velocity and heat is lost via the exhaust pipes in the space between the motor and turbine wheel, further making it less efficient
To the OP, I would be careful getting a turbo from the junkyard, you never know what condition it will be in. You could always have it rebuilt, but that requires you spend money. Also, you will need to upgrade your computer, ideally stand alone or an LA3 from a Turbo T-bird, and also your fuel delivery