True and for most street guy's were dealing in a fairly narrow rpm range idle to 5000/6000 rpms generally.
So yes more torque you can gain in this range especially in the high rpms of it the more power you'll have, but really the goal is more power.
I just seen what Newbomb Turk just asked you, his point is generally an engine powerband is considered to start around peak torque to shift point, which torque goes from peak and continuously declines as the bulk of the hp curve is climbing reaching it's peak and even after has some usable range.
So basically if torque is so important why when an engine is at it's most powerful range torque is in it's decline.
To me obviously torque is important but depending context not so much the numbers a 500 lbs-ft engine does not necessarily has more potential than a 300 lbs-ft engine but a 500 hp engine always has more potential than a 300 hp engine.