When I first bought my '14 SR, I was confused by the whole torque/power thing. How could my bike put out more torque than a Hayabusa, and yet not be able to wheelie? And with such a skinny back tire, produce at most a small chirp when launched at full throttle? My college degree is actually a B.A. Physics degree, so I knew the answer probably was all about gearing, but it took a lot of reading -- there's a lot of misinformation out there -- to finally sort out what's going on.
Low gearing can multiply the torque a motor puts out, but it also reduces the distance over which it does so. Dimensionally, the units of torque are force times distance, so a different gear can increase the force by effectively changing the lever arm length. Makes sense, right? Lower gear, harder launches because of higher torque at the rear wheel, but lower top speed before the motor winds out. Higher gear, lower torque at the rear wheel, but higher top speed. The reason ICE vehicles require gearboxes is that they have to have this torque multiplication -- a gear high enough to give the vehicle a reasonable top speed produces far too little torque at lower speeds to make the vehicle driveable. An EV can get by without a gearbox because it doesn't need torque multiplication at low speeds, since its motor puts out full torque right down to 0 rpm. On my SR, that isn't enough torque to spin the rear wheel, but it's plenty for a nice, hard, but controllable launch.
Horsepower, however, is unaffected by gearing. Mathematically, power is energy output per second, and gearing can't affect the speed at which a motor puts out energy. A vehicle's top gear is correct when the motor puts out its maximum power just as the vehicle's speed requires that amount of power to overcome drag. Improperly gearing a vehicle may mean that the maximum available power is never achieved, but it has no effect on the power maximum itself.
So if our bikes had gearboxes, like the Brammos do, we could launch harder, but we'd lose time shifting, and perhaps wouldn't show much improvement in 0-60 times. Top speed would be unaffected, and because of that, quarter-mile times would be mostly unaffected as well.