But all things are not equal. A motor that puts out 195lb*ft/s at 4500rpm-6200rpm clearly has the breathing to go higher in RPMS, generating much more power and take advantage of gear multiplication, while the second motor is already starting to run out breath.
You assuming things. You look at the high-torque car and calculate the torque and horsepowers peaks you'd realise that I gave it a fairly flat torque curve. It still has to produce 188 ft-pounds of tourqe to get 215HP, and at the same time you have 194.something for 230 HP at 6200. At 5000-ish rpm you have a 30 ft.lbs advantage to the high-tourqe vs 6-8 ft.lbs advantage to the high-hp car at 6200 rpm. And it's torque that = force of acceleration.
We will assume that the high-torque motor redlines at 6500 and the HP motor redlines at 7200. The high-torque may still be putting out 140 gt.lbs of torque (173hp)and the high-breathing motor still puts out 140 at 7200(197hp).
So we will assume a transmission with the first 2 gears:
1st gear ratio 3.461
2nd gear ratio 1.750
Final drive ratio 3.208 is stock for both motors, but we will increase it for the HP motor to compicate for the lack of torque and take advantage of the gearing. To take advantage of the gearing to give the HP more torque(motovational power) we will have to increase the final drive up to 3.849 which will give the HP car the power to pull away from the high-torque car a little bit at the starting line. (assuming both hook-up perfectly)
At 7200 redline the HP car will be making (with 10% drivetrain losses) 1678-lbs of torque at a axle rpm of 540. After that you shift to 2nd and your RPMs will drop to about 3637 rpm, and maybe be putting out 180 ft.lbs of torque, with 1091 torque at the rear axle.
The torque'y car will shift to second at 6500 with 140ft.lbs of torque, with 1398 ft.lbs at the axle with a axle rpm of 585, at that same speed the HP car will be only putting out around 1150ft.lbs of torque. At a axle rpm of 540 the tourque motor will still putting around at 6000 rpms, were it has 194ft.lbs of tourqe compared to the 140ft.lbs the HP car would be putting out at the same speed. That's 1938 ft.lbs or torque at the rear axle!
So even with the gearing advantage to give the HP car a head jump at the starting line by the time the HP car would hit redline you would be only putting out 1678 ft.lbs while the high-torque car will still be putting out 1938 and thus would start to catch up quickly.
Then when you switch into 2nd, it will still be worse, since the HP car would begin putting out around only around 1100-1200 ft.lbs, vs the torque car 1400 after his 2nd gear shift point.
Then when he finally gets to 2nd gear he will still drop down to 3060 rpm and maybe still have 200ft.lbs of power and have a axle torque of 1122.8. So then it would look like the HP car could almost hang with the high-torque car until the torque'y car hits his torque peak and the HP car would have to shift into 3rd. Then the torque car would just continually pull away because as the speed increases the HP car would have to shift sooner each time you'd go into the next gear. It's attempt to using gearing to compisate for lack of power and take advantage of the higher RPM potential (assuming it exists in the first place) would only make the problem worse at high speeds.
What about a car with a motor that produces 300HP with peak torque of 300 lb*fts versus a car with 250HP and peak torque of 450lb*fts. Assuming equal weight, the 300HP car will out-accelerate the 250HP.
That doesn't make sense, in order for a car to have a 300hp and 300ft.lbs of torque you'd have the peak HP at 5250 RPM. Because 300ft.lbs*5250/5250=300HP. Unless it had a perfectly flat torque line.
In order for a 450ft.lbs motor to put out only 250HP, That 450 would have to come at 2,900 RPM's and then drop off rapidly from there. That maybe a big truck desiel motor or something, but it doesn't sound like any racing car I know of.
Either way it would be a pretty silly race.
edit:
Of course realise that I picked the HP/torque ratios in the GOAL of showing exactly how HP vs HP readings can be misleading.
Horse power is only ONE of the many things you need to considure when comparing cars,
Saying a 230HP car will be faster then a 215HP car is not nessicarially true.
Much like mhz is only ONE of the many factors to considure when comparing CPU's.
Just like saying that a 3.2 ghz CPU will always be faster then a 2.0ghz CPU.