I'm not worried so much about it wearing out as I am about parts
breaking. The non-EDIS EFI 2.3s were only rated at 88hp
Maybe I'll fill it with 85w-140 lube for a little extra cushion. No doubt that what's in it is ancient and foul and needs to be changed anyway.
"- has gone over budget and the drop-in Pinto 8in rears I am finding will consume an uncomfortably large portion of what remains."
It seems you are located in Lancaster, CA. This is not too far from the self serve yards in Sun Valley. I had posted back in June that there was a Mustang II with a 8" rear in their Primo yard. This was during their 50% off sale. You could probably have gotten that rear end for $75 at the sale. Their regular price for a drum to drum rear end is $129.99 with a $15 core charge. The Primo yard (the only place they now have older cars) charges about 30% more. Sadly there are no posted prices for exact costs. I can't guarantee you will find the rear end on any trip, but you should be able to acquire the rear end in time without breaking the bank.
I may have to resort going to a wrecker. The only Pinto 8" I have found recently had a $250 price tag on it (plus another $23 in tax) and that
was from a yard, although it had already been pulled. Same thing for '65-66 Mustang and MII 8" rears; bottom line seems to be about $250 for a complete one of unknown condition.

I already have a complete 8" rear end with a 3.00s, but it's out of my '68 Mustang, so it's 59" wide and five-lug. I wanted to modify and use the 7.5" T-lock with 3.45s out of my '86 'Bird donor, but that thing is 61" wide and not at all worth shortening nor using wheels with the requisite 5.5in+ offset.
As far as using the 6-3/4" if you drive as you state it will probably hold up. The greatest torque force is just prior to the tires breaking loose. Avoid that and it should survive.
It should help that I'm going to leave the stock wheel/tire setup until the tires are spent. They are just Chinese 195s and I doubt the tread is wider than four inches.
With a turbo car I find that gradually applying power causes more appreciation for the acceleration forces than just nailing the throttle which is dependent upon the turbo spooling up. When I give people rides I generally drive the car "normally" stating that this is the way a regular Pinto runs. The next time I go through the gears I'll shift into 3rd and gradually push the pedal down. You can see their eyes grow large when it feels like an afterburner has kicked in!
I used to have an '84 Mustang SVO and the 2.3T is definitely fun.

Even in a car 1000lbs heavier than a Pinto, they have some pep. The throttle is progressive so it's deceptively unresponsive at low throttle, but opens very quickly after ~50%. A previous owner had put an E6 manifold on mine, so that helped boost response and was probably worth about 15hp.
'83-86 2.3Ts have one of the largest turbos I know of ever put on a mass production engine. The IHI they switched to was probably a good choice for the heavy chassis, but the whistle and abrupt onset of boost and power that larger turbos have is why I like turbo cars.