I installed my first Hypermax system when Mr. Agne did, on an '88. Since then, that truck was totaled, and I bought two others - an '86 with the hypermax turbo and intercooler already installed, and an '89 into which I put the totaled turbo kit and the intercooler from the '86. I've since traded the '86, and will retitle and sell the '88 as a beater.
So, I've done a new install, a removal, and a reinstall, with an intercooler. All of it is very straightforward. No issues whatsoever with "completeness" of the kit. No special tools needed, unless you do the intercooler (torch and/or sawzall), though sawzall and porta-power make clearancing the firewall much easier, as I found on the downpipe install in my BIL's '97. Crowbar, hydraulic jack, and blocks worked just fine, but took longer.
What most don't tell you (and maybe don't know) is that the Hypermax downpipe is only 2.5" for the first 3 feet or so. The other two have a bigger pipe. Not that this is a problem - the power is there. I'm led to believe that the best system for raw power would be a non-wastegated Banks or ATS kit, both of which may now be obsolete. But, you'd get a 3" downpipe with them.
If you have an automatic transmission, I have no idea why you'd want a wastegated system. My trucks start building significant boost at 1500 rpm, and really get after it. You can keep your foot in it, and never drop boost. Wastegate not necessary.
My trucks are all sticks. They build boost fast enough to keep from smoking most of the time, unless you really bog it. During high rpm shifts (towing), there is NO lag or smoke when shifting. If you want a stoplight hotrod and you have a stick, get wastegated.
Wastegates represent an efficiency loss at higher rpms, since excess exhaust is throttled through the wastegate. Peak power levels may be comparable (and likely favor the wastegate from idle - 2000 rpm), but when exhaust pressure/flow exceeds that needed to generate necessary boost, the wastegate opens and that exhaust energy is wasted. You'll see this as increased fuel use.
On the latest installation in the '89 crew cab, I increased the downpipe size to 3.5" immediately after the pipe clears the firewall (maybe 1-1.5 feet from the turbo), and then increased to 5" by the transfer case, straight 5" back over the axle and out, using the tailpipe from shopdiesel.com which fits the super duties. Fits ours just fine. Final cost was probably equal to the Hypermax 3.5 system. I had to weld on the hangers - no big deal. They sell hanger clamps. It would have been better still to weld the hanger rods to a plain clamp and slip these on the pipe and tighten, allowing complete adjustability and more margin for error. I did succeed in keeping the pipe right up against (but clear of) the bed, though.
The 5" pipe sounds ANGRY from the outside, but is free of the drone I had with the 3.5 system. All in all a cool setup. Looks good, too, but people turn their heads with a "what the hell is that" look on their face when I get on it.
Unless I'm missing something, hypermax is the best deal going, especially if you do your own big exhaust. Glow plug and fuel filter access is fine. I'm very happy with mine.
-JV