273 or NOT 273?

The hp numbers for the 318 are inflated, my 318 marine 4 barrel with a bigger cam is only 225 hp. My cousin thought the same, until we raced. The 318 got the jump, but my 273 passed him like he was standing still. Horse Power is in the heads, all things being equal. Cubic inch dictates what rpm it takes to get that horsepower. Engines have an rpm limit they can safely run. The only difference in price building a 273 and a 318 is pistons. What is the big deal? At least you can get decent 318 pistons now.
A 4 barrel was added to the 318 as you stated. The 4 barrel 273 has more compression than the 318 does, also the 273 4 barrel has a bigger cam. If the 373 and the 318 you spoke of both had the same compression ratio and cam, I'm sure that the out come would've been very different.