For everything done to it I would have expected a higher number. I'm thinking maybe your intake and exhaust systems might be holding the motor back. I'm a firm believer that the 986 intake and exhaust systems are big corks. Maybe a 996 intake and larger TB will help those HP numbers. Your stock muffler and U pipes are tiny. They can't be helping the situation either. I have a thread about my dyno run that might help.
Two modified boxsters on the dyno