I believe back in the 60's and early 70's they also measured HP within a fixed temperature of 60 something degrees...so the numbers would be higher then if they took that same motor and dyno'd it today.
That's exactly what this episode of the show did--took factory high performance engines from the classic era and dyno'd them for research purposed. I've summarized the results below......
American Muscle Car Engine Comparisons
The rules were: 1) all production engines, not sohc Fords, etc., engines you’d find on the showroom floor. 2) Factory correct carbs & ignition systems. 3) Stock bore/stroke (allowed .60 over), stock heads, factory cam. Again, no ringers, nothing exotic, the engines you’d most likely meet on the street. The results below are numbers at the flywheel, and eliminate all other factors. Straight up, which legendary street engines were the most powerful.
Chevy 409
406 hp/430 torque
Ford 427
637 hp/554 torque
Pontiac 421
488 hp/470 torque
Dodge 426 hemi
820 hp/689 torque
Chevy 427
527 hp/461 torque
It's hard to capture all the info they give, but I believe the Ford 427 and the Hemi wound 6500 rpm and the others flatlined at 6000...but I could be wrong about that. I know the Ford went 6500.