It's going to be difficult to find a smog-legal turbo or supercharger for under 1500. Yes, you could go with a homebrewed turbo system, but IMO it is too risky. Furthermore, a homebrew turbo won't have a snowball's chance in hell of passing CA smog.

If you're spooked by nitrous and have to play the California emissions game, then I'd do a mild N/A build.

$1500 goes into a built head (i.e, cams, retainers, springs, and a bit of port smoothing), intake and exhaust manifolds, a lightened flywheel and catback exhaust. By buying cams and other bolt-ons used, you might even come in under budget. That said, this route won't get you to 200 whp without an increase in compression... h:

Another alternative is to modify a VTEC head to fit your non-VTEC block. This is more commonly referred to as a "Frankenstein" or "LS/VTEC" build.
But, like the homebrewed turbo, it will not pass the visual inspection in California.

Lastly, there is nitrous oxide.
It's great for straight-line speed bursts, but you have to use restraint when using it on a stock motor. Brett (SN:Master Yodub) is a great resource when it comes to nitrous tech.