Correct, you would just get a lower boost. but if the turbo shaft itself is stuck it would create a massive restriction in your intake (and exhaust). You should check it, but strange it would **** it self all of a sudden.
When you drive it does it not rev beyond 4500 rpm at all, or is it just slow?
You could disconnect the intake pipe from the throttle body and see if that makes any difference to the way it drives, bypassing the turbo. If not refit and take exhaust off and see if that does anything. Maybe something disloged and has blocked the muffler? If both make no difference you know it fuel/ignition/electronics, nothing else it could be really.
You havent got water in the spark plug holes or anything like that? What do the plug look like?
Strange that the issue appeared after you changed the exhaust. Just methodically go through each bit step by step.
Cheers