I think it's just a fun exercise for many people and harmless. It's the total drivetrain package that makes for a really nice street car. Bragging rites are fun I guess, but in my case at least, I want an engine that has great response, some idle quality, won't overheat, can run on pump gas, starts easily hot, and can roast the tires at will cruising in 1st, 2nd, or 3rd gear. With a stock chassis, and drum brakes, that's about 500 HP in my estimation. Much more than that, your breaking stuff all the time.
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