I actually don't think that's all that bad for what's involved, depending on the specs of the internals. Built engine all assembled, brand new Procharger, fuel system, dyno tune, and walking out the door with a very, very reliable 400+ RWHP is kind of fair.
Some people are forgetting that while the P1SC isn't as capable as the D1SC, with the right heads/cams, pulley it down, and 600 RWHP wouldn't be too hard to attain, and the built engine is already there to handle it.
And as 03 StangGuy said, don't worry about buying a used blower. Do the obvious things. Check for chipped impellers, any shaft play on the impeller, and see if it spins freely. Also, check around the gear case for old oil stains. It could be a sign that it has bad seals.
Basically, I bought my complete Vortech V1 setup for $1,800. Checked it over in a parking lot in less than 5 minutes, everything seems fine. I'm just going to wait a while to have it installed. Whatever you do OP, don't think that going N/A is going to be the cheaper/easier way out and with similar results compared to a blower or a turbo on a 4.6. It's just not easy to get good power out of them N/A. Lots try, only a few have very impressive results.
And it's usually the stroked, big bore, cammed out engines that aren't all that fun to drive at low speeds on the street. I thought about it too. When I was getting money together earlier this year, around February, I thought with a T56 and some HiTech stage 2 cams, it'd be fun enough. But with stock cams I can have 70-80 more RWHP, with a blower.