I'm not a diesel mechanic and I'm not qualified to say what a proper air/fuel ratio is for a diesel, but I know for sure that you can't just bolt on a turbo or blower and go, you must enrich the mixture to within acceptable parameters, and I also know for sure that all of that black smoke is not unburnt fuel, a lot of it is the impurities inherent to diesel fuel.
You're right about one thing, you're not a diesel mechanic. jgeissinger got this one right.
Diesels have no throttle plates, no carburetor, no way of regulating the amount of air going in at all. Engine speed and power is controlled by increasing or decreasing the amount of fuel injected directly into the combustion chamber (unlike injecting into the intake air system on a gas motor). There is no ignition system on a diesel. When air is compressed, the heat in the air is concentrated in a very small place. The more you compress it, the higher the temperature. Just touch the head on an air compressor to test this out. Fuel is then injected in the right quantity and at the right time, and it spontaneously combusts due to the high heat. Turbocharging a diesel allows you to add more fuel and generate more power, it will not do much if anything to improve fuel efficiency in a sailboat application. The downside (besides the cost for no real gain) is that the engine already operates at a very high compression ratio. Turbocharging will raise the combustion pressures beyond the designed limits of the engine, and will prematurely kill the engine.
BTW, smoke from a diesel is caused by too much fuel when throttling up as explained by jgeissinger, and lack of proper injection timing from the old mechanical injection pumps. Smoke is not caused by impurities in the diesel fuel. Impurities in your fuel will make you buy a very expensive injection pump. Have you noticed that newer diesels in pickups and euro cars don't smoke? In a lot of the euro cars, you can't even tell that it's a diesel. Computer control of the injection pressure, timing, and multiple injection pulses per cycle have cured a lot of the usual diesel problems.