If the diaphragm in the WG has a hole in it, it will leak boost from there. It won't open the valve, but you also won't make boost. This will overspin the turbo, pushing it into an inefficient portion of the flow map. Check those lines on most maps, 150k on most turbos is 60% or less...
The other thing is the seal around the WG's valve, specifically the 'valve guide' seperating the upper bulb from the exhaust gasses. If manifold pressure leaks in there, you get that pushing the valve open, and boost crashes.
Lastly, and most likely, your stock 2" muffler is holding it back a lot. With the EBC at a fixed duty cycle, I get 10psi with my e-cutout closed and >18psi (most I've tried) with it open. Same stock-muffler deal as you.
One thing you might try is to pressure leak the ENTIRE system, exhaust and all. Get a plumbing test plug for your exhaust, and replace the filter with a pvc cap w/valve stem. You'll get some leakage through the rings and head, some though the CHRA since it's not oil-pressurized, but you'll be able to find some other large leaks. Just don't go crazy with pressure if your PCV setup sucks, you'll blow out an oil pan or VC gasket.