I vote Ls/Vtec turbo. I would use cp pistons/rings, eagle rods, and acl bearings for whatever build you choose. I would go with around a 10.0:1 CR, anything under that you will be very sluggish out of boost. Use the golden eagle vtec kit for the ls/vtec. If you use the parts listed it will be reliable as long as you get the right shop to build it and tune it for you. Its not worth it to build a b16, you should just toss that lil block and get a b18a/b(cheap$) or a GSR(more$). A b16 head with a GSR block would be nice to...it all depends on what you want.
Two choices you should consider:
Ls/vtec turbo setup.
or
B16 head w/ Gsr block turbo setup.