I'd agree that this sounds like an issue with the boost control side but the 1st thing to check for is a boost leak as this can result in a cyclic behaviour in boost pressure as you describe
I'd first check all the high pressure hoses post turbo/s for any split hoses or cracked metal pipes, also check the ends of the intercooler as its not unheard of to pop the end caps off under high boost.
If this is OK then check the small vacuum lines to the turbo and its connected control solenoid onthe bulkhead, any cracks or leaks can give turbo issues
Also have a feel around with your bare hands with the engine running to see if you can feel any escaping gas under your touch. Another method is to use a soap and water solution sprayed onto any suspect areas - if there's a leak it'll bubble upwith the engine running
If this is OK then check for air leaks after the mass airflow meter - The best way to locate a leak is to have the engine running and warm and then spray lighter gas /propane around each joint in turn. If the engine rev's up you've found your leak.
Work your way through each possible joint one at a time and you should find it. I use a slightly flattened piece of brake pipe and some rubber hose from the can of lighter gas to provide a spraying 'wand' and allow a direct blast of gas into each area, especially those difficult to reach with large implements.