My most recent memory was with Brents coupe which dynoed I think 1-2 HP difference between my inertia base dyno setting and Race Relateds Dynojet. And Vinces FRC dynoed 480 here and 480 at RX last week, so I'd say its less than 1% difference in most cases.
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Smackin down LS1s since 99', LQ4s too...