We are all friends here, so there will be no arguments, only intelligent discussion. 
I wrote:
Torque and Horsepower are related by this equation:
Horsepower = [Torque x rpm] / 5252
This means that below 5252 rpm any engine's torque will always be higher than its horsepower, and above 5252 rpm horsepower will always be higher than its torque. At 5252 rpm both will be exactly the same.
Storm wrote:
7. peak power is almost never at peak rpms, to explain why, please refer to the equation i posted above. as for the idea of them being equal at 5252rpm,.. it's not true. try the equation i gave you, try one with 200lb/ft at 3000rpm (will give 114hp) and another one with 100lb/ft at 6000rpm (also 114hp). clearly torque is decreasing as rpms rise but HP remains constant (flat powerband).
Let's start with the basic position that both agree upon:
Horsepower = [Torque x rpm] / 5252
Now let's see what happens at 5252 rpm:
Horsepower = [Torque x 5252] /5252
Horsepower = Torque at 5252 rpm.
Graphically, it means that both the horsepower and torque curves will intersect at 5252 rpm because they are equal at this point, for the same engine of course.
Storm however brings up an interesting point. His intuition is along the right track, and it is related to the shape of the torque and horsepower curves, which are not flat in real life. However, please note that I am talking about the behaviour of a single engine across the rpm range, and not comparing two different engines. That is a whole another discussion.
The ideal torque curve is flat from idle to redline. With this ideal curve, horsepwer will rise linearly with rpm, will be less than the torque until 5252 rpm, intersect the torque line at 5252 rpm, and then continue to rise above the torque value for all rpm values greater than 5252 until the redline.
However, the torque curve is never totally flat, and rises until peak efficiency is reached, and then begins to fall as limitations of the combustion process set in coupled with engineering considerations. This of course will change the shape of the horsepower curves as well.
Think of it this way: It is the total area under the torque curve that is important.
That means that you are a true car nut! 