What you're saying is true to a certain extent..................a formula 1 racing engine the same size as a production car has been " engineered " to obtain the maximum power from what is basically the same unit.
Like wise you will find electric motors or pumps or blowers of the same proportions made of the same materials and powered by electricity at the same wattage...............BUT WITH HUGELY DIFFERENT PERFORMANCES so, theory is fine , but theory is only the start of the development journey and the evolution that follows.