Option 2 is no longer allowed/supported by Rotrex, they only allow option 1.
The vacuum in the charger will pull gear oil from the charger and damage the turbine oil seal.
Also the Rotrex oil is very, very expensive and you don't want to be refilling that on a regular basis..
Option 1 works fine. Just use a big external wastegate on the compressor pipe to either blow off or recirculate under part load. Turbo blowoff valves are often too small for this application of (near) constant air venting.
It's a little less efficient than option 2 on part load as the charger is constantly pulling maximum air and you may need to fit some sort of diameter restrictor on the inlet to cap the ultimate power output if the charger can do more than the engine is capable of at full throttle.
This is where electronic throttle setups are useful as then you can just let the ECU limit the actual throttle opening to a safe power level at certain loads and not need any restrictors.
Bye, Arno.