correct, there would be no benefit to using 108 octane in a low compression, normally aspirated car. I ran a couple of tanks of 100LL av gas, and noticed no real difference (except a lighter wallet).
forced induction needs the higher octane levels to prevent detonation. higher octane and intercooling should add about 10 hp per psi. (IE: if I'm running 5 pounds of boost in my TR4, it's not unreasonable to expect an increase of 50 horsepower). I used to have a Porsche 944 Turbo which ran 13 psi from the factory. I replaced the EPROM with an 18 psi chip. There are current chips that allow 25 psi, without fear of overboosting.
I'm about to put an end up my turbo-charging project, and focus on the FI/ITB/Megasquirt project.