Yea that's the one.
To the op, no one can tell you based on a price such as ÂŁ2.5k, if you buy second hand you can get bigger hp and quicker times, likewise if you buy cheap unbranded parts like some ebay items, or go for the very nice but expensive FM stuff. Like wise if you install it yourself, if you map it yourself you can save money and possibly get better results too (as many of us have found out on here), and then you can spend more money on better hardware. It is also worth considering how driveable you want it, ecu's are cheap and the better you buy the closer to oem idle and driveability you can get, but again this takes money away from other hardware. In general though I would say that Turbo power is probably cheaper than s/c power.
For example you could get a secondhand 250bhp MP62 charger for less than a new 200bhp M45 setup, if you fitted and tuned the MP62 compared to handing the car over to someone else to have a '45 fitted and tuned.
I would advise going to a local Nutz or OC club meet and trying to get a ride in a s/c and a turbo car, the 0-60's are not too different for similar power but the feel is. Which you prefer the feel of is more important than the odd 10th of a second unless your down santa pod every week and then your probably better off spending money on a different car anyway as the drag coef of the mx5 is famously worse than a VW Beetle!