you are correct, turbo "lag" is just that, the time between no boost and when it starts to make boost. it has been said over and over again, newer turbos have been designed for gasoline engines and have VERY little lag if the correct turbo is chosen for a given application. older turbos like the T3 super 60 was designed for deisel engines, which have totally different characteristics.
also, just like you said, the turbo will build boost faster because it is not RPM dependant to produce boost, its load dependant. the centerfugal SC will undoubtably feel smoother transfer power smoother etc. but the turbo is capable of producing more low end boost still.
so here is the decision, do you want more power down low, or better smoothness with no "lag" but less low end power?
of course this comparison only works for centerfugal type SC's... a roots or twin screw are positive displacement SC's and produce boost practically at idle, be design
also, just like you said, the turbo will build boost faster because it is not RPM dependant to produce boost, its load dependant. the centerfugal SC will undoubtably feel smoother transfer power smoother etc. but the turbo is capable of producing more low end boost still.
so here is the decision, do you want more power down low, or better smoothness with no "lag" but less low end power?
of course this comparison only works for centerfugal type SC's... a roots or twin screw are positive displacement SC's and produce boost practically at idle, be design