Any insights as to a rough cost comparison between the two options would be appreciated.
As any experienced car guy can tell you, the answer is simple. When comparing a SBC against <insert any other engine here>, the SBC will
always cost less to buy, rebuild, and modify. Always.
You may consider getting it running and just driving it for a while before making any decisions about major surgery right away. You may find that there are lots of other upgrades you'll want to address before getting after the engine.
This is some of the best advice you've been offered in this thread. I, too, did this same thing. When I bought my Grand Prix, it had the Buick 231 which did run... barely... but it was definitely not able to be driven. Even though I bought the car for the
sole reason of swapping in a V8, I spent some time and a little money getting the V6 driveable. Nothing major was required; I installed new plugs and a new fuel pump, flushed the fluids, addressed a few leaks, etc. With that stuff done, I began driving it. A couple months later, I bought my donor V8 for the swap, then slowly began rebuilding it in preparation. Meanwhile I upgraded the interior with full aftermarket gauges, bucket seats, and a stereo; I also swapped in a stronger rear axle to deal with the forthcoming significant increase in torque. By the time I finally pulled the stock V6, I had been driving the car for an entire year.
Speaking of increased torque, why do you want a turbo engine? More to the point, what are your exact goals for the car? Do you have a specific power output in mind, or perhaps a certain ET you want to hit at the strip? Having a specific goal will make it much easier to develop a plan to get there, and
that is when you can begin to calculate the costs involved. If your answer to this question is simply to mumble something about 'wanting more power' then it's gonna be difficult for anyone to offer you very useful advice.
I'd also recommend against any "temporary" engine swaps, as they'll be better but if they don't "scratch your itch" then you'll just be that much in the hole cost-wise when you decide that you really wanted your first choice of engine instead.
This is also excellent advice. Figure out what you really want up front, then only spend the money once. It will definitely be cheaper in the long run.