OK, so we are in a manual 330d and a manual 335i, we hold our gear and accelerate, then torque clearly does shows its edge. That is assuming our revs are near equal and the gear/gearing is the same.
Now swap to our auto versions and we come up behind a car to overtake, we want the fastest performance... we flick to sport and floor it... 50 - 70mph is near identical, we just see a different rev limit. Performance is near identical. High torque is not giving any acceleration advantage, as we now are in the real mix of rpm, torque and hp. Which ever engine we have feels good and does the job just as effectively.