I have worked with centrifugal, screw, and roots blowers, and at one time I was a Master WD for Turbonetics, although that was decades ago, and most of my experience is from the 80's to the early 2000's. Anyways, this is a difficult question to answer. First is that you can put a turbo or supercharger on a stock engine, but you have to limit boost to about 6 psi, and you usually have to upgrade the fuel system. There are tons of supercharger and turbocharger kits that have been sold for decades for use with internally stock engines with good success, AS LONG as you have low boost. Turbochargers are more efficient, no questions about that, but on a Cleveland you would probably have to fabricate everything. Superchargers are a much easier install, if you just wanted to put a 6-71 or an 8-71 on it, there are available kits, but you would have a massive hole in your hood and it would not be cheap. The small roots type superchargers like the Weiand ones would be perfect for a mostly stock engine, but I don't believe that there are readily available kits for the 351 Cleveland, so you would be fabricating your own, and you would need a hood scoop. On your average stock V8, you put 6 psi of boost and you will see about 100hp. If you were really good at fabricating a turbocharger kit would probably be the cheapest to build, but it takes a lot of knowledge and time. There are some centrifugal kits available, but they have big superchargers (ie: not really for a stock engine) and are not cheap:
https://thesuperchargerstore.com/ag-1781692.1781865-ford-351c-400m.html
I love turbos and superchargers. In the late 80's early 90's Paxton used to make a 5.0 Mustang kit for $1500. that was the bang for the buck then. For $1500 you installed this kit that gave you about 75-90hp, so your 5.0 Mustang went to 300+ hp in one weekend. It ran just like it did before the install, drivability was just like stock, as it was a stock engine with a supercharger on it. It was the biggest win/win ever. Only bad thing is that the supercharger was very small, so if you really wanted to push it, you would need a bigger supercharger.