Yes, but that's only true for driving on the public road in what is "the wrong gear" for any serious racing driver. On a track it is all about power, because torque is just a figure that you change with the gearbox.
High revving high power output engines (for example Formula 1 until 2004, which still holds half the lap records) have a low torque number, but more rev-range to apply to the gearbox allowing higher actual output to the wheels in the end. Essentially the torque number is just power divided by revs (Newton per meter in SI units).
So an older Formula 1 car that revs to 18.000 rpm has a far lower torque number than your mom's diesel road car. Yet that F1 car does insane acceleration from 0 to 200 km/h and has 700+ bhp while the road car would have around 100 maybe 150 bhp.