look at the dyno graph again
on this engine the cylinder filling efficiency is maxed at between 4000rpm and 5000rpm, above 5000rpm the time available to fill the cylinders is getting short enough that they can,t fill completely so the ballance between the power per stroke and the number of strokes has started to fall, if you really look into it this engine maxed out at about 4000rpm but between 4000rpm and 5000rpm the increaseing number of power strokes above 4000rpm was compensateing for the slight loss in cylinder filling efficiency up to about 5000rpm, by 5000rpm the cylinder filling efficiency had started to fall off so rapidly that even the increasing number of power strokes of lower tq produced could not keep up and power starts to fall off, by 6000rpm its becomeing hopeless as the cylinders are producing significantly less tq per stroke.
while its very true that the individual power strokes may produce more tq at low rpms the useable tq (cylinder pressure)is only applied from piston to crank during about 24 degrees of the 720 degree repetitive cycle,
its the ballance between the volumetric efficiency the engine has filling the cylinders and the number of power strokes per second, thats where gearing comes in,... if your geared correctly youll be able to keep that engine in the most effective rpm range.
EXAMPLE
it makes no sence to build an engine for your corvette that produces max hp in the 5500rpm-7000rpm range like this dyno shows
even if it does produce 500plus hp if the transmission shifts at 5500 rpm and gearing in your corvette keeps you in the 1000rpm-5500rpm range 90% of the time!
an engine like this one below would make your vette FAR FASTER