As you probably know, HP is a calculation. Work (torque) x time (RPM). At peak HP, you're producing a given amount of work (torue) in a given amount of time. (RPM)Put another way: ISN'T THE MOTOR THE "STRONGEST" ALWAYS SOMEWHERE BETWEEN MAX TORQUE AND MAX HP????
The gear ratio multiplies the torque, but it doesn't multiply the calculated horsepower, the calculated horsepower at the engine, and at the axle, once the clutch locks up, are identical. Maybe not identical, but that's only because there's always a bit of slip in the clutch.BUT, I think you are all missing one important factor that has everything to do with the end result.