Just to correct you, the terminator is assumed to have 420-430 hp. Proven would mean you actually put it on a chasis dyno and didn't use estimates to get to your crank hp rating. You can assume 15% drivetrain loss all you want but that doesn't mean it actually has that efficiency.
And the shelby dynos areound 440 rwhp so that mean it really isn't at 500 hp if we assume 15% drivetrain loss, it would bemore like 515 hp. But I don't assume like you do so 500 hp sounds fine to me.
Huh? Its rated at 390. The avergae RWP was around 370. Its either REALLY efficient or it makes more than 390. More like hmm I dont know 420-430?
You pick. Either way its good.
Oh and if you wanted to do the test your talking about you would need an engine dyno. Not a chassis dyno.
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