Friend had a Colt Turbo with that setup. Scary little thing.
Shortly after I moved to Georgia, there was a '77 Hornet AMX 232/4-speed for sale, so my friend (whose first car was a
Me So Hornet) and I went to look at it. The same seller also had a '84 Colt GTS (Gitchasum Twin Stick) Every Joy Happy Turbo for sale. I was well aware of Turbo Colts, my pal wasn't. The AMX was the pooch we expected; my chum didn't care about the Tin Can of Impending Doom. I did, so I drove it with him shotgun.
The seller told me to be careful.
That thing was like a Group B rally car: Sub-ton curb weight, lag you could measure with a calendar, and when the boost hits you'd best be pointed somewhere clear. With no weight to pull around, those cars feel ridiculously fast. You also feel like you're seconds from death anytime the intake manifold's above atmospheric pressure. It was faster than
any Turbo I 2.2/2.5 I ever rode in or drove. Not surprising, since a Colt is nearly 500lb lighter than a freakin'
Omni. Forget the Jaws of Life, just bring a Swiss Army knife with a can opener.
Wonder what the power/economy stick engages or disengages? Maybe an over/under drive set-up?
The Twin Stick was a 2-speed transfer case that worked like an overdrive on all of the transmission's gears, so you (potentially) have eight forward speeds and two reverses. It was similar to the later Corvette's 4+3 manual, except it wasn't internal to the transmission so it didn't consume itself at an alarming rate (there are still working Twin Sticks). The high (overdrive) ratio was a fairly healthy one, so leaving it in "Economy" (later shortened to "E") mode meant acceleration was, uh, leisurely with the standard 70-ish horse engine. In "Power" (later "*") mode, it was a close-ratio 4-speed, which woke the car up measurably. The best way to drive one, really, was leave it in Power 90% of the time, then engage Economy at cruise. With the turbo engine, simply changing modes was enough to effect easy highway passing.
Despite the transfer case, it was not all-wheel-drive. The transfer case was needed because Mitsubishi didn't have a FWD transmission (or engine block, for that matter) at the time, so they adapted a RWD one to fit sideways. The driveline progression was engine > clutch > transfer case > transmission.