This is correct. It's the engine out of the 323 Turbo, minus the turbo, so you still get the beefed up rods/crank, etc of a turbo car. However, if my memory serves me well the NA car didn't come with piston oil spray, but the NB engines did. I could be wrong, though.
I think you're partly correct, I believe the 1.8L NA engine does not have oil jets, but the 1.6L NA engine does.
I don't know much about the NB engines except that the internals are weaker, and the head flows intake/exhaust better.