Heh - you are on the right track, to say the least. I'll help you a little here.
Simplified a bit, your engine can only flow as much as the most restrictive part in the flow from the intake to the exhaust. This isn't entirely true, but it helps demonstrate the point.
On a stock car, increasing the boost pressure really doesn't do much in the way of adding extra HP at the wheels. Why? Because the intake and the exhaust are flow restrictions that prevent you from pushing a significantly larger amount of air through the engine. Replace those, and all of a sudden more boost pressure turns into dramatically more HP.
Next comes the IC piping and IC... as they are the next serious restrictions to flow.
Then the turbo, then the intake manifold, etc, etc.
Eventually you will get to the point of having to change your valves to get more flow through - but as has been proven many times, our head design outflows our turbos well in excess of double, so the stock valvetrain doesn't turn into a significant flow restriction until you are at some really big numbers. Long past the point where you have replaced the turbo, in any case.
Does that help?
I could go into some nasty calculations, but in reality they are only theoretical, and never seem to get *that* close to calculating flow... which explains why we have flow test benches, so that we can test how well our theories match up to reality.
In reality, every flow restriction counts towards the total - so replacing your valvetrain with a better one even on a stock car would create measureable results - but if you could acertain that the throttle body, for instance, was 4.5% of the total restriction, and you increased the size on that alone until it wasn't a restriction at all, you don't get 4.5% more power.