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I am on my 3rd turbocharger for my MR2 right now. I am quite familiar with various turbo issues. Yes, it seems like the seals on your turbo have gone very bad, and very naughty. Do you notice decreasing oil levels? Do you notice white smoke while you are driving or gunning it? White smoke indicates burning oil. Blow by oil is normal, but if you are noticing that much oil, puddled, on the compressor side, the writings are pretty much on the wall. I've done rebuilds before, having them professionally balanced, the whole 9 yards, but the lifespan on the seals of a rebuilt turbo are significantly shorter than original, even with oem seal replacement kits. It may be a bit cheaper, but I can't recommend turbo rebuilds. 212K on a turbocharger? Amazing, considering that turbochargers are recommended to have regular service and inspection at every 15k miles (none of us do it), and the seals on them have an average lifespan of about 90K miles (ct26's regularly maxed out at 130K). Given your situation, I would go either aftermarket or JDM ct20b (no primary cat, difficult to pass smog though). Buying used turbos is a touchy subject, because you really shouldn't buy anything used that has moving parts, but that's always up for debate.
As far as the turbo inlet hose splitting. Bottom side, correct? Yes, it's typical among higher mileage 3sgte's except many owners don't realize it, because as I said, it's bottom-side. The depositing puddles of oil on the compressor side is heavily inducing it. Quite expensive to replace. As far as the coolant and engine temps. As MR2BAD suggested, a faulty sensor is most likely the culprit, especially at 212k miles. Losing coolant is very dangerous if you are not noticing exterior leaks. It is incredibly rare, but if you are leaking coolant and oil at the seals of the turbo, the mixture of the two create a thick pasty substance. 212k mile turbocharger, who knows. Hope this helps!
Best Wishes,
Tsu
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