Ha, I'm not dead set on the MBC, I just happened to have one lying around and wanted to try it. It's clearly causing more trouble than helping. I already wrote that I would use the 14 PSI spring set. The MBC will remain on craigslist.
Regarding the boost reference issue,
Since the wastegate, when actuated, bleeds air through the valve guide for cooling, isn't that already affecting the boost reference significantly?
In my case, I had plugged the bleed port on the MBC and when bench testing the setup, the only notable bleed was from the valve guide (a tiny bit through the MBC cap as well) when it actuated.