RIGHT...on '94-'96 850's When it had the "Turbo" badger on the back of the car, we were talking about high pressure turbo's (2.3L). That's how my '94 Turbo Wagon was. When we bought our '04 V70 (2.5T) I noticed a slower turbo in comparison. They didn't come out with the GLT (light pressure turbo) until the last half of 1995, then it was available until the last 850's in '97.
So, long story short, you'll be downgrading your engine to go from the 2.3 you have in your '95 to a 2.4 in the '97. At least this is my understanding.
Check this out:
Engine Information:
There are four different engine variants used in the 850 series:
Variant 1: 2.4L inline 5 168 SAE net hp, 162 SAE net ft./lbs. – 5-speed manual/4-speed automatic
Variant 2: 2.4L inline 5 turbo, 190 SAE net hp, 197 SAE net ft./lbs. – 4-speed automatic
Variant 3: 2.3L inline 5 turbo, 222 SAE net hp, 221 SAE net ft./lbs. – 4-speed automatic
Variant 4: 2.3L inline 5 turbo, 240 SAE net hp, 221 SAE net ft./lbs. – 4-speed automatic (The only difference from variant 3 is more boost, all hardware is the same)
1993 – Sedan Only
*Visual differences include older style bumpers,headlights and 4 bolt wheels.
854 - Engine Variant 1
1994 – Sedan/Wagon – Base/Turbo
854/855 Base - Engine Variant 1
854/855 Turbo - Engine Variant 3
1995 – Sedan/Wagon – Base/GLT/Turbo/T-5R
854/855 Base - Engine Variant 1
854/855 GLT - Engine Variant 1
854/855 Turbo - Engine Variant 3
854/855 T-5R - Engine Variant 4
1996 – Sedan/Wagon – Base/GLT/Turbo/R/Platinum
854/855 Base - Engine Variant 1
854/855 GLT - Engine Variant 1
854/855 Turbo - Engine Variant 3
854/855 R - Engine Variant 4
854/855 Platinum Limited Edition - Engine Variant 3 – Color: Peal White, Same badge as Turbo.
1997 – Sedan/Wagon – Base/GLT/T-5/R
854/855 Base - Engine Variant 1
854/855 GLT - Engine Variant 2
854/855 T-5 - Engine Variant 3
854/855 R - Engine Variant 4
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1998 S70 T5 Emarald Green Metallic, 2004 V70 2.5T Ruby Red, Previous Owner of Black '94 850 Turbo Wagon
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