As previously said, comparing peak HP doesn't really tell the whole tale..
And the short version of my "It's the torque" rant is this:
Torque x RPM / 5252 is Horsepower.
And it's the Horsepower that gets it done, even if you don't want to do the math.
The stock 105 HP 4BT usually gives more horsepower at every RPM point up to it's HP peak at around 2500 RPM than most smallblock gasser engines do at the same RPM points. (And as BobS indicated, there are even some big-block engines that don't out-power the 4BT in it's operating range!) The gasser HP peak is usually somewhere around 4000 RPM.
All other things being equal (weight, gearing, etc.) what this means is that the stock 105 HP 4BT comes off the line and out-accelerates the gasser, but once the gasser gets wound up, it will then out-accelerate the 4BT.
Now, PUT IN A PYROMETER, then twist some screws, drop in a 3200 RPM spring, add an aftercooler, and mebby a bigger turbo, and suddenly the 4BT is out-powering the smallblock up to 3200 RPM, and depending on exactly which one, might be out-powering it comparing peak to peak!
As for durability concerns.. Cummins made 4BT variants that were rated at 250 HP intermittent from the factory. If memory serves, that definition of intermittent was 250 HP for an hour, then you were to operate it at reduced power for the next 7 hours or some such. (Marine version...) So I'd say that momentary excursions into moderately higher HP numbers wouldn't be detrimental.
And if you're needing continuous output of over 250 HP for more than 1 hour in 8 in an automotive application, well..
