It's been a hectic week! I'm sneaking 5 mins in me luchtime to get back to this thread!.....and I haven't read Daves last post yet so there might be some overlap?
Anyway, absolutely agree with you Dave. Put very simply - as we know power is torque times rpm.
To get max power you need max rpm, and to be making max torque at that rpm. The best way to get max rpm is a short stroke, light components etc. Thats why F1 engines rev to 19K - more rpm means you can make more power. And to get torque in order to make that high rpm power, you need to optimise everything else in the engine around that too - camshaft, breathing, fuel. ignition etc.
Result - lots of power in a very narrow band. To use the power properly you need to stay in the narrow rpm range where it's made (i.e. up high). For a race application use a loose convertor, tall gearing etc. If you have a circuit racer you need close ratios and lots of gears.
On the street it's a different story. Not only because you want longevity. That is a real wear/risk factor but with the amount of use our cars typically see, and the care the engines are built with, high rpm is not as significant as it could be.
But a key difference between the track and the street is predictability!
On the track you know exactly what you need and when you will need it. At the drags you get the chance to wind up your peaky rpm motor against your high stall convertor, or hold at high rpm and dump the clutch. On the circuit you know what kind of track you're on, when you are going to have to change gear etc. Everything can be optimised.
On the street you might want lots of power at any rpm, without knowing in advance. You could be minding you own business at the lights, and when they go green some dork flips you off and starts to speed away! Obviously any sane person would let it go

, but theoretically if you didn't, you need instant response from idle. Or maybe you just didn't want to tip your hat by sitting there at 4000rpm!
Or maybe more relalistically you're following someone who's slowing you down and suddenly an unexpected opportunity to overtake presents itself. Or you're approaching the traffic lights as they go amber! Instant response required in the real world.
Having said all of that..... all of this is relative and to some extent we're splitting hairs. With engines the size we have, even if you have a narrow power band you are still going to have plenty of torque available. When all is said and done, my overwhelming motive for going to a stroker was displacement!! That works at every level. I like rpm's, don't get me wrong, and this engine will rpm just fine. But it won't always have to!
I want to be able to cruise at 90mph, so I'm going with 3.55 gears (3.23 at the moment). and I don't want a radical convertor either. I had a lot of people tell me I needed steeper gears and converter to optimise my combo for ET's. I know!
What it comes down to is that engines/powertrains are a massive comprimise. That's why the auto industry is seeing a huge proliferation in variable technoliges - variable valve/cam timing, variable geometry turbos, variable intake manifolds, variable displacement, variable compression ratio, variable transmissions etc. You can always be optimised, in the 'sweet spot' without comprimise. you don't have to pick high rpm power over low rpm torque - you can have both. Power when you want it, economy when you don't. I'm looking forward to the day when we can buy aftermarket bolt on active valvetrains (no cam!). Mild to wild in one package.
(My company actually makes one but I don't think they're going to let me get my hands on it!)
Anyway, practically you're right Dave - best solution is an overdrive or a 5/6 speed trans. One day I'd love to do that!!

$$:( Until then I'd better concentrate on getting plan A on the road......