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Question one-yes
Question two- yes
question three - maybe?
For number three, it is all about the most efficient way to get the most average hp to the track the full length of it.
Odds are the small block will have a narrower power band than the BB, and will have more flash and stall. So, it kinda doesn't matter. You build the converter and pick the gear ratios to make the power band you have work.
When you say both making 500 hp, I assume you also mean they will average the same hp over a wide enough range so that they will be competitive.




so we now have 2 pages and 2 answers. so you all are say put steep gears in the small block to make up the difference in torque.but if you put all that gear in it to make up torque is it going to make it to the finish line in its power range?? to much gear and its going to slow down