Maybe I missed it, but I don't see what exhaust system you are running. If you have a good, free-flowing dual exhaust, then opening the dump won't help you very much. I did back-to-back runs back when I had my car (TA49 turbo, which is the same as yours, THDP, and ATR dual 2.5" exhaust), and I saw negligible gain by opening the dump. If you still have the stock exhaust or something more restrictive, you will see a good gain by opening the dump. What exhaust system do you have? If the exhaust is restrictive, then doing back-to-back runs (dump closed, then open) with a nice, easy launch will show higher mph with the dump open. If the mph doesn't change at all, then you know your exhaust is not restrictive.
My car went 11.42 @ 119 mph with a TA49 turbo, stock engine/heads/cam, on 100-octane gas and no alky (dump closed, BTW). Others with TA49's/TE44's have gone over 120 mph. So, you have a little more room to go before your turbo is maxed-out. Your engine has better breathing capability than most with the 212/212 cam and GN1 heads. So, you should be shooting for 120 mph before you need to upgrade the turbo.
You say in your signature that your stall is 2200 RPM - that is pretty low for even a stock turbo, not to mention something bigger than a TE44. Are you sure about that? In the Turbo Buick world, we measure "stall speed" as the RPM achieved when brake-torquing the car and revving it until exactly zero psi is shown on the boost/vacuum gauge. If you just have a boost gauge, brake-torque it until the needle just starts to move off zero and note the RPM. If it really is 2200 RPM, you already have insufficient stall speed for a TE44, much less something bigger. For a TE44, you probably want closer to 2800 RPM. For something larger, you probably want 3000 RPM or more.
Does this help?