While I agree that FEA simulation can get you much closer to a nearly optimal solution you still need the final validation testing. Most FEA simulations can only go so far in modeling all the simultaneous real world physics. Taking the piston example, you would need both thermal and structural solvers coupled with fluid dynamics and combustion to really know the exact piston shape in a running engine. I'm sure the F1 teams do that but I'll bet a run of the mill engine design just gets some ball park boundary conditions applied. After all, you car engine spends most of it's time running down the road at 2000 rpm producing 15 horsepower, not at redline producing 400.
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