I believe the Volvo turbo A/R on the turbine housing is too small,along w/the turbine wheel.Meaning, it is really going to choke your exhaust down a lot.
A draw through is the easiest to set -up.
Blow through will need just a few more items/mods to work correctly.
Compressor wheel is small also.
They are small so the little Volvo engine does not have much turbo lag.
With a 292,your probably double the engine size the turbo originaly was used for,unless you got it from a Larger Volvo truck.
The turbine housing should say what A/R it is & it most likely is a T3 flange.
There are always cheap turbos w/the correct A/R for your application
just some examples:
http://cgi.ebay.com/ebaymotors/60-1-T3-T...sQ5fAccessorieshttp://cgi.ebay.com/ebaymotors/GODSPEED-...sQ5fAccessorieseven cheaper,small A/R though
http://cgi.ebay.com/ebaymotors/T04E-T3-T...sQ5fAccessoriesProbably can get this for $120 total,they are cheap though
http://cgi.ebay.com/ebaymotors/HONDA-CIV...sQ5fAccessoriesCheapest w/correct A/R ,compressor wheel ,turbine wheel,w oil line is this one,again chaep quality, but for how little $$ wise, might be worth it if you want to give it a shot.
http://cgi.ebay.com/ebaymotors/T3-T4-T04...sQ5fAccessoriesMBHD