Correct, but not all of the power loss was because of the compression. Comparing the two a GTS25t has a bit more driveline loss when compared to a GTS25 which runs what looks like an RB20DET gearbox. So, yes it is pretty pointless as you'll be driving a low compression N/A with a turbo tranny that'll be sucking up more power, and that loss will only start to increase if you have an Auto tranny. Best solution? Hell i found it cheaper to get a GTS25t, drop in RB25DE, 20DET Box and sell turbo parts off. In the end you'll end up with a N/A skyline with the 5stud brakes, making similar power to a normal N/A liner.
For example:
N/A R33 - Price boosted by P plater laws - $12,000
Turbo 33 - $8,000
RB25DE - $1,000
20DET box - $800 (best price i found)
Labour - Depends, i do most of my own work though. lets say $2000
Thats $11,800
Now sell off your box and motor
25DET - $1,700
25DEt Box - $1,500
Total: $8,600
There you go, unless you can get an N/A 33 for under 8k its not really worth it.