Hi Chris,
True. It commonly admitted that power doesn't exist itself, as it's just a function of torque & revs.
To tell the truth (and I'm pretty sure Dave agrees with me), the "real" power formula is :
P=T.w
with P power in watts (W), T torque in Newtons per metre (N.m), and w the angular speed (rad/s). If working with metric system, the formula becomes P=T*RPM/9.549. I guess the 5252 factor is for imperial system, with power in BHP and torque in lb.ft. BTW, 1HP is almost 1BHP, as 1HP (DIN / ISO) is 736 W when a BHP equals 746W.
True, damn true. Indeed, the power curve's interrest is to show how long the torque drop is compensated by the revs increase.
That tends to dismontrate that, in fact. For example, Diesels "smoothness" is typically around 2kRPM. For example a 205D (1.7), max torque @2k, max power @4.6k -> smoothness=2600RPM. This criteria tends to show the useable range of the engine, too - for road drivers like us, rather for sports driving, eh

To go further in the example, the 205TD, max torque @2.1k, max power @4.3k, smoothness=2200RPM. You've just seen this also tends to show that the engine is more "peaky".
That's the reason why I tend to change @5.5k on mum's car
I do totally agree with you on this. The most important thing is, we now know what is right. Oh, now the question is how could we use this brand new knowledge without being photographed by a hidden speedtrap