375 hp 318 vs 440
The way I see it, torque is mostly a byproduct, yes torque and rpm make power and power is what's needed, unlike power torque can be multiplied by gearing, tire size etc..
If you look at similar hp engines, torque, displacement, rpm and gearing are interconnected, basically a ratios of one another, engine size is roughly gonna fix where the rpm's that powerband has to be made at depending on torque which is heavily tied to cid, which generally lives in a fairly narrow range of torque per cid that with gearing that's necessary to optimize that powerband for the task which basically will put similar torque to the ground and more importantly hp to the ground at any given mph, why I see torque as a byproduct.
So a similar HP 318 and 440 geared optimally should be putting similar hp per mph to the ground same with torque but the thing with street cars most aren't gonna gear properly so what gears people generally run will typically favor the larger engine. aka 440.