sure, why not? You'll probably only be running 7 to 9 psi anyway.
A 325i/is can make about 333hp at 9psi if done properly, and intercooled.
(psi rating after the intercooler, so probably 10 or 11 direct from the blower)
'94 Supercharged E36 325is (150,000 original km's)
-Vortech V9 G-Trim @ ~10psi w/ BOV
-255LPH Walbro fuel pump
-TEIN SS Coilovers w/ Pillowball mounts
-Keskin KT1 17x8.5 & 17x10
-Remus full catback
-Authentic Rieger Infinity I body kit
-SMT6 EMS (Untuned)