Hi Bruce,
1. It would be an unusual set of circumstances where the fuel pump relay would fail and the ECU wouldn't notice and trip a fault code. Percentage-wise I would doubt the failure is here.
2. Our cars do have a boost bypass valve (as do the Whipples) and the ECU has sole command authority to trigger the bypass if/when it thinks anything is amiss.
3. I will put money on that it is not a collapsing intake issue. (Marketing hype vs reality.)
4. Using an OBD2 monitor to evaluate what's happening is a good idea but requires a skill set and a propensity to want to know how to do this stuff -
With the assumption that you are NOT triggering a CEL, my bet is on 2) above. With no CEL, the ECU believes he is saving the world and all is good. But, for this to happen the ECU is somehow mis-informed and he's taking action to dump boost needlessly. To hone in on this problem, can you safely re-create the symptom while watching your boost gauge? The most obvious reason that the ECU triggers the bypass valve is when he thinks an over-boost condition exists. But, keep in mind that the ECU calculates boost - it doesn't measure it directly. One of the main inputs in the boost calculation is the volume of air that the MAF sensor is reporting. If the MAF sensor reports (incorrectly) that too much air is coming in the ECU boost calculation goes too high and the ECU triggers the bypass to save the world. OK, long story short...... I think it is your MAF sensor. Do you have K&N filters? The oil from the K&N's can corrupt the MAF reading. You can try cleaning or replace the MAF sensor. I'll call you this morning to chat through this stuff......