The standard engine has a recirculating dump valve already.
The purpose is to divert boost pressure thats built up when you shut the throttle and it has no where to go. Without it there would be a large pressure spike which causes damage to the turbo.
What your probably thinking of is an atmospheric dump valve. Instead of quietly recirculating the boost pressure, an atmospheric dump valve releases that air into the engine bay, making a loud "tisshh" noise.
Theres no performance benefit whatsoever, its simply a way of making a loud noise every time you close the throttle. Furthermore, because the valve releases air that the ECU has already measured and calculated the fuelling for, it causes a rich condition every time it dumps, which can cause stalling or rough running. This is why they're generally regarded as a bad think on 1.8T's.