"Why do old engines produce such little power for their displacement, for example, the 1968 426(7.2L) hemi produced 425HP.The modern 6.1 L hemi produces about 425 HP, the same as the 7.2! Why is this? "
I've been involved in the development and homologation of some high performance modern engines. I've recently moved to the USA and have been getting into old American Muscle- looking really deeply into the engines- trying to build GT power simulation models of my 440 R/T DOdge and a 426 Hemi, I also know the new twin plug Hemi very well.
For starters the homologation back then when the 440 6 pack was rated at 390 Bhp and the Hemi at 425 bhp- was optimistic. It's true that the 425 Bhp Hemi was 'under rated' by contemporary standards but if it were re-homologated by todays SAE J1349 or DIN standards it would still be lower than the rated 425 Bhp. (My colleague worked at Chrsyler and has the VE and fueling figures to hand- this is what I'm basing my GT power model on).
back to topic- the reason why things have progressed:
First of- engines breath alot better. 4 valve heads is an obvious one- but even if you compare a modern 2 valver with an older one- the flow for a given port size is alot better so the port mean gas velocity/flow compromise is better optimised.
The next is runner lengths- alot of these cars were running carburetteurs- with an intake manifold compromised for fuel flow distribution AND air flow distribution and no room for tuning. Even in the 80s Chevy ran fuel injected cars with no tuned intake lengths for the normal engine operating range.
Back pressures for alot of the more mundane Buicks and Oldmobiles were high compared to modern high performance machinary. The Aston Martin Vantage V8 has a peak power back pressure of only 350 mbar, an E39 BMW M5 has a back pressure of 250 mbar, looking at an LT1 engined 1996 camaro- I've measured the back pressure at 600 mbar. I know people WITHIN the big three that think that's a Good figure. The intake losses were high on many american domestic cars- the same Checvy LT1 engines thing has an intake losses of 80 mbar. A Jaguar XJ8 has an intake loss of around 33 mbar.
Sophisticated engine management systems have allowed higher compression ratios to be specified with fine knock control.
Cam profile design has come a long way- even staying with the pushrod configurartion- the new LS7 engine has a light valve system mass- a very high rocker arm ratio (1.8:1)- compare that with a 440 RB big block of 1.5:1, allowing a peak valve lift of 15 mm!! Piston masses have gone down- which in league with valve train design improvements--sees peak power speeds on V8s going up from the norm of 4800-5200 rpm to 5800- over 6500 rpm. If we start looking at Hondas and BMW M engines- MUCH much higher!
In cylinder charge motion has finely developed tumble motion optimisation which allows more ignition advance FOR A FAST BURN before the onset of knock.
Engine bearing friction has come down- if you look at the size of the bearings of an old Mopar- they're way oversized for the IMEP the engines made. The "RB" big block especially so- the 'B" Big block Mopar sizes would have been just fine.
So we've covered port flow, manifold design, CR, combustion, friction and ECU control of it all.
And that about sums it all up