I didn't pay attention to the -PS part of your post as it is so second nature for me to see it and have it refered that way since we at the ECTA just recently changed over to the "current" (and changed not so long ago) SCTA designator of -PB.
But that doens't make you incorrect either Kyle, read on....
If my understanding is correct, P-PS should be Production chassis, Production Supercharged engine.
You're correct in your understanding Kyle, unfortunately what the others didn't tell you is that you're just a little late in your thinking (as is SCTA in "totally" clearing it up since their change if I'm not mistaken).
Some haven't been around long enough (or haven't looked back through the SCTA's history of where the rules come from) to know:
-PS = Production Supercharged
but was later changed to (and presently is)
-PB = Production Blown
They're both the same and mean Production forced induction; including blowers, turbochargers and superchargers.
And something failed to be mentioned also is that anything after the "-" is considered an engine designator, so PS would have to be before the "-" to be considered a frame or a body designator (IE: Partially Streamlined).
I don't have one handy, but if you look at the 2008 SCTA rule book in the record section you will likely find a P-PS record or two that never got changed over when the designator's did (although a brief check shows it did on their internet site).
So to many of us, when you say P-PS or P-PB, they mena the same thing, only thing that really matters is that you get it right on your bike, your registration and preferably your logbook.
Hope that helps muddy up the water enough for the history to float to the top for ya. Again, you seem to be asking the right questions and doing just fine.
Todd