I am looking at both of my dyno sheets right now. I dynoed my bone stock Viper and Z06. This is a very general analysis as to why the Z06 is quicker than the Viper.
Let us look at the upper rpm range as that is where races will take place.
Viper @ 4,500 rpms = 400 rwhp
Z06 @ 4,500 rpms = 370 rwhp
Viper @ 5,000 rpms = 425 rwhp
Z06 @ 5,000 rpms = 400 rwhp
Viper @ 5,500 rpms = 430 rwhp
Z06 @ 5,500 rpms = 430 rwhp
Viper @ 6,000 rpms = 420 rwhp
Z06 @ 6,000 rpms = 440 rwhp
Viper shifts. Back @ 4,500 rpms = 400 rwhp
Z06 @ 6,500 rpms = 454 rwhp
Viper @ 5,000 rpms = 425 rwhp
Z06 @ 7,000 rpms = 450 rwhp
Viper @ 5,500 rpms = 430 rwhp
Z06 shifts. Back @ 5,500 rpms = 430 rwhp
Viper @ 6,000 rpms = 420 rwhp
Z06 @ 6,000 rpms = 440 rwhp
Repeat with the Viper shifting....
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As you can see, when the Viper shifts at 6,000 rpms, the Z06 will really start pulling away while having an ~54 rwhp advantage. When it is time for the Z06 to shift, it is still making more rwhp than the Viper at its given rpm. Remember, I am solely going by my stock Viper dyno (437 rwhp @ 5500 rpms) and my stock Z06 dyno (454 rwhp @ 6500 rpmws) Some cars can be weaker, some can be stronger.
This is just a quick, high-level analysis.
Remember, this is not considering the gearing nor the weight in which both characteristics favor the Z06.
So according to this data, Going to a steeper gear in the Viper would be counter productive. It would make you shift even sooner and reduce your top speed. It would multiply the torque but the Viper already has more torque and it doesn't seem to matter. Interesting. The Viper needs mor revs, which it's high displacement kills.
If torque really mattered, the Viper would be the fastest car on the road today, or close to it. Tq will get you out, hp will keep you going.
I raced a Gen II Viper with an exhuast (Corsa) about a few weeks ago. When we raced from a 2nd gear punch, he stuck by me for a split second due to the massive amount of tq the car has. It got him 'out' fast, but when my rpms started climbing he was history. Look at the Gallardo, CGT, Enzo, Murci, etc.. All of these cars have less than 480 tq to the engine, while having massive hp.