Is Torque King?

Ah. I understand what you were aiming for now. Tell me if we're in agreement:
Torque is the twisting force. A measured empirical value for a given moment in time. For purposes of this dicussion it represents crankshaft torque - not rear wheel torque which is the result of mutiplications from convertor, transmission, and rear axle ratio.
Horsepower is the result of that force applied over a period of time. So it's a function of crankshaft torque.

What you're saying is a horsepower number, because it represents the work of torque over a period of time, is the more "all encompassing" and therefore a more performance indicative figure.

Right?

Exactly but the period of time is RPM which is no more or less important than torque. When it come to HP that is :)