If you have a nonwastegated housing, you will need an external wastegate. That is a little more expensive (and complicated) but well worth the extra cost. It shoots your "budget" in the foot, but it is a superior setup.
You could probably touch 650 with a very aggressive tune, but your well beyond what the hybrid was designed to handle (drive pressure wise) and you will be VERY toasty. The HX turbos do not like being barked. You start building massive drive pressure flowing through the turbo, then let up suddenly, the compressor is going to want to stop spinning while the exhaust is going to want to keep going. Twist a pencil opposite directions very quickly and with a lot of force. That is exactly what you will be doing to that shaft. SNAP.
A S300/S400 twin setup would be better if you are shooting for anything over 550 at the wheels.
The Hybrid / S400 might spool a little fast and will probably be cheaper. But you will sacrifice some top end cooling and some durability.
Its all give and take in the turbo game.