Hey Mike, one thing I didnt see you touch on. I've had a few pulleys in the past, as well as my share of modded cars.
If import tuner did their dyno in 4th gear, then the 4-5 or so WHP shown is a truly impressive gain. As you said, a reduction in rotational mass frees up HP, it doesn't create it.
The additional underdrive assists to free up more HP the lighter mass "missed" so to say.
One thing about rotational mass. Its benefits are directly relative to the gear the car is in. The lower the gear number, the better the gains. If this system gains 4-5 WHP in 4th gear, then in 1st gear the gains will be more.
In 6th gear, the gains are no longer from the reduced rotational mass but from the underdriving of the accessories alone. This is because as the RPM change per second (RPM delta) approaches 0 (steady RPM under full load) so do the gains by a reduction in rotational mass. In other words, at near top speed of the vehicle, nearly the entire output of the engine is going to the wheels and since the rotational speed of the engine is not changing (near steady at say 7500 RPM) their is no wasted energy in accellerating the pulleys meaning theirs gains are minimized in this condition.
However as I said, the opposite is true in 1st gear. The gains are amplified the greater the RPM delta.
Also one thing that I have noticed with my past pulley kits is the "RPM fall" between gears is faster due to the less kinetic energy stored in the pulley system. Since our cars are known to have rev hang issues, this is of great advantage to us.
A system with less kinetic energy is a system with less rev hang.
I have yet to get the NST kit, but as I said before, a well designed pulley system is a solid investment and gain. For me there is no question about what to expect, however, a gain of 4-5WHP in 4th gear is as I said, incredible for a pulley system. I have seen gains of 1-2WHP on previous cars and still felt a great difference with the new system. The larger RPM range does really assist the Si.
The 4th gear 4-5WHP means the gains in 1st-3rd gear will be larger and therefore this mod is a must have for anyone running the strip as from the start line you will be leaving with a few more ponies to the ground.
I don't want to speculate, but it could be calculated using the gear ratios and converting from 4th to 1st but its not a linear conversion, you must know the entire rotational mass, not just the pulley system.
-Steve