As Sean said it's just the gearing, last time my car was run on the mania Dyno I noticed I was about 40kph slower on peak speed compared to other cars. This works out to be that the car was run in 4th gear instead of 5th. Which is 1.25:1 ratio off the gearbox instead of a direct drive. Further compounded by the fact I run a 4.1:1 final drive ratio power figures are lowered and torque figures increased (my car made 90kw but 298nm).
Horsepower = 33,000 foot pounds moved in 1 minute according to Watt. Gearing changes how much you *move* the weight(distance). So assuming a constant RPM this means you will see a reduction in torque on tall gearing but more power. Power = change in work divided by time. Change in work is further broken up into distance * weight (feet per pound). Hence assuming RPM was constant Torque = (5252 * Power)/RPM and with Power and Torque being the only 2 variables it proves they have a direct relationship.
The 5252.1 constant is just a different formula method for getting there. It's 33,000/(2*3.14 ) or 1hp/ (2*pi) which is the mathematical point where you reach a 1:1 relationship. In the above formula
Torque = (5252 * Power)/RPM if RPM = 5252 it's cancelled out.
I never liked Physics until I got into racing... it comes in so useful now though. Good timing as I was only just reading up about exactly this subject in an engine airflow book and it explained why I've seen such different dyno outputs over the years.
Apologies if it's difficult to read, there's only so much you can do with ubb code to display formula's