You got that right...........todays Horse Power is actually Pony Power...........Remember the saying.....There is no substitute for Cubic Inches..............better a Lugger than a Screamer.
Todays engines use a shorter stroke with a light weight piston than engines built 20 years ago. Some of todays pistons don't even have a true skirt. older engines used a longer stroke to get horsepower so they had a higher torque output.