On September 28, 1996, at 0535 mountain daylight time, a Piper PA-30, N37P, settled onto the ground during initial climb after takeoff from Front Range Airport, Watkins, Colorado. The commercial pilot in command received minor injuries, the commercial pilot occupying the right seat was not injured, and the passenger occupying the right rear seat received minor injuries. The aircraft sustained substantial damage from impact and postimpact fire. Visual meteorological conditions prevailed for this personal flight operating under Title 14 CFR Part 91 and a VFR flight plan was filed, but had not been activated at the time of the accident. The intended destination was Sacramento, California. According to available information, the three occupants met at Front Range Airport at 0430, performed a preflight and filed a flight plan. They all indicated that engine start, taxi, and run-up were normal. Based on a composite of information provided by the occupants. They were performing a non turbocharged, flaps up takeoff at a gross weight approximately 100 pounds below maximum with a density altitude of 6,000 feet and calm winds. Takeoff was on runway 26. The pilot not flying said he told the pilot flying to accelerate to 100 mph (miles per hour) before rotation and then accelerate to 110 mph for initial climb. The account given by this pilot was that the aircraft was rotated at 90 mph and became airborne in ground effect with acceleration to 100 mph. He said that the VSI (vertical speed indicator) stayed at zero and the aircraft decelerated to about 85 knots. He said that at that point he "slammed" the turbochargers on. (This aircraft was equipped with manual waste gate turbochargers). The aircraft then turned to the right and impacted the ground approximately one-half mile off the end of the runway. The left tip tank caught fire and the occupants exited the aircraft and extinguished the fire by kicking dirt on it. The rear seat occupant then called 911 on his cellular telephone and notified emergency personnel. The right front seat occupant was transported to the hospital with facial lacerations, and later the left front seat occupant sought medical attention due to some head bruises and nausea. According to the pilot in command, there were three commercial pilots on board the aircraft. One of the pilots, who was occupying the right rear seat was a CFI. The person who was acting as pilot in command was occupying the left front seat and the other commercial pilot was in the right front seat. All were instrument certified and the two persons in front were part owners of the aircraft. The left front seat occupant was the pilot flying. The pilot in command said they did not think they needed to use the turbochargers for this takeoff. Information provided by the occupants indicates the right front seat occupant had approximately 120 hours in the aircraft and the pilot flying had approximately 56 hours in the aircraft. Takeoff power, according to the manufacturer's flight operations handbook, is 2,700 rpm (revolutions per minute) at 29.5 inches of manifold pressure. The aircraft was equipped with RAYJAY, manual, vernier control turbochargers. The flight manual states: "When taking off from fields of high elevation use the turbochargers to obtain a power setting of 29.5 inches of manifold pressure and use the vernier control for fine adjustment." According to information provided by Lycoming, the IO-320-B series engine is capable of producing a maximum of 23.5 inches of manifold pressure at 6,000 feet elevation when operating as a normally aspirated engine. According to information provided by Piper Aircraft, 23.5 inches of manifold pressure at 2,700 rpm, will not provide sufficient power for climb at speeds below 110 knots at a gross weight of 3,670 pounds, which was the stated takeoff weight.