Sorry I didn't get to reply sooner after my first post. You second drawing looks good. Your symptoms sound like fuel cut as fstlane said. It means you arn't opening the waste gate early enough for the ECU right now.
A couple possibilities:
Left a vaccum line off/hole in the system
Boost controller hooked up backwards
Boost controller set to high
PS. Im sure fuel cut scared the shit out of you, its not a huge problem to hit it. Its a safety net the ECU has in it so that it doesn't continue to boost in a malfunction setting and blow itself up. Fix your controller and you should be golden.