[Katshot]

Your question is about RWHP. The numbers are the numbers.
As for what is the significance of torque, the old saying goes; HP sells cars, torque wins races.
Generally, the car with the higher torque wins. As in your example above, the 350HP/350lb-ft car with win the race as long as it can get the torque to the pavement

 

[Katshot]

They're not bad if you can deal with a 3-speed.

 

[Katshot]

Actually, the "original" question was which car had more RWHP.
And as I already pointed out to him, both examples stated have the same HP so they would be virtually the same. The only difference in the examples was the torque figures. And that won't change the HP.
He then asked what was the significance of torque in various cars. Again, the answer was that the torque diferences in his examples would certainly prove-out that the Corvette with the higher torque would out accelerate the other even though the two have identical HP ratings. Provided that the extra torque could be utilized through adequate traction.
I'm not quite sure how this thread got into parasitic drivetrain losses.

 

[Katshot]

He didn't just ask about one car to another, he "specifically" asked about two "identical" cars with the same engines except for the torque ratings.
I felt Chuck was fairly specific about what he wanted to know. And when you are comparing two identical cars, the parasitic losses would be the same. Or at least for the purposes of this conversation they would be assummed to be.
Either way, I believe from Chuck's last post, we've answered his question.
Sorry it came in such a round-about way Chuck.