Is it smoking heavily, indicating that you have extra fuel to burn? If not... there's your answer.
And if it isn't smoking heavily, then there's probably not a leak either.
Is the wastegate actuator rod tight? Can you easily open the gate with hand pressure on the rod? If so... there's your answer...
My 38R would run ~40lbs of boost with the 1.15 housing (non gated) and some 30% EH nozzles. It pulled ~480rwhp like that.
Also, is your camshaft/head porting moving more air, reducing boost? If it's not smoking heavily, then maybe.
You haven't even mentioned smoke level that I've seen. And that's the most important factor to determine how hard it's fueling or how bad it's deficient of air.