The main thing with turbo's that makes power is the inducer and exducer size of the compressor wheel (+ trim, which depends on inducer and exducer sizes). Also the shape of the blades and the count of the blades. Then there is the size of the compresoor housing and the inlet of the compressor housing that matters.
On the turbine side the same is applicable for the turbine wheel and housing. There the A/R stands mainly for how laggy the turbo will be and on what capacity engine it will work best (read small A/R is better for smalle engines, and larger better for bigger ones; roughly said). But A/R is not an absolute fugure, it is turbo housing specific parameter. On the bigger turbo's meant best for a 2L power plant you'll notice that 0,86 A/R is quite often used and is efficient.
A/R describes a geometric property of all compressor and turbine housings. Increasing compressor A/R optimizes the performance for low boost applications. Changing turbine A/R has many effects. By going to a larger turbine A/R, the turbo comes up on boost at a higher engine speed, the flow capacity of the turbine is increased and less flow is wastegated, there is less engine backpressure, and engine volumetric efficiency is increased resulting in more overall power
Most important with good working and effcient turbo's is that the wheel sizes and housing sizes are good mated to eachother. The wellknown bigger Jap brands like HKS, GReddy and Apex'i have really good working and efficient turbo's. They will not use almost 80mm compressor wheels with some more than 50mm big turbine wheels; this will generate big volumetric inefficiency for the engine; the engine will be really stressed when boost is wined up, nog good
Also not to good for power outputs too. The newly designed Garrett GT series turbo's are very well crafted and there price is quite competetive.
When seeking for 500HP the compressor must be around 76 to 80mm and the turbine wheel around 60mm. A tipical 0.60 A/R compr housing with a 0.86 A/R turbine housing. Here the compr map of a efficient and good 500hp+ turbo:
http://www.atpturbo.com/root/maps/gt30r.htm
On this site there are compressor and turbine maps available for the most turbo's. Quite handy when picking the right blower for your application.
rgds
habib