Hilarious what some peoples concept of what "power" is.

You can have 1000 ft/lbs of torque and 0 HP.

It's I M P O S S A B L E to make 1000 HP and 0 ft/lbs of torque.

A 700 HP NOS motor that makes 600 ft/lbs at 4000 RPM is making more POWER than a 700 HP N/A that is making 500 ft/lbs at 4000 RPM.

An engine makes torque - a calculator makes HP. Period.

A 700 peak HP engine - 500 engine/200 NOS should have more torque under peak HP and should be quicker than a 700 HP N/A engine, unless you have a converter that stalls about 50 RPM under peak HP. You should be able to run a tighter, more efficient converter and take advantage of the extra torque below the peak HP.