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Imo if everything was built ideally for either motor and weight being the same, a big block would out run a small block all day. Simply because it has more torque.

I disagree! Say the big block has 3.91 gears ideally because its gonna peak at 5600.
The 360 is gonna need say 4.88s ideally because it will peak about 6500. The 440 is gonna have a 3800 stall vs the 360s 4800. I think the torque will be equalized at the rear tires. And at this point what role does the rotating mass inside the engine play. Not to mention 100 less pounds of engine.