Only a real kook would try to turbo a 914 with a pull through side draft carb!
Serial, a system like that works fine and doesn't run hot if set up right and not over-boosted or run lean.
I definitely did not want to mess with ethanol injection and did not need it.
I limited my boost to around 7 psi but cranked it up to 9 psi a few times. It was happier around 7.
That was on the street on pump gas without additional cooler or oil cooler or anything else.
Unless you switch to a different induction you can forget about inter-cooling.
Your setup has fuel being mixed with the air and going into the turbo. that's already bad in that it can centrifuge out the fuel and cause puddling a little. It's manageable. but if you add an intercooler, you'll be giving the fuel an even better motivation to puddle and separate and pool, causing rich and lean spots which on a good/bad scale, are down near the bottom closer to bad.
Run it a little rich on top end, manage your timing so it isn't too advanced, keep the boost reasonable, and you'll have lots of fun without turning it into a hand grenade.