It should be the same, physics don't change.
True, but morals and business ethics do change, or so it seems.
The thing that typically gets forgotten about in electric motor HP is the efficiency. HPmechanical=torquexrpm & HPelectrical=(watts x efficiency)/746; Where watts = volts x amps
Now the issues comes into play is how the manufacture is specifying that HP. Running, max developed, rotor locked, start up current?

A few years back there was a big lawsuit to the small air compressor manufactures that were putting ridiculous claims on their consumer grade air compressors. Ex. the 7hp, 115v air compressor.

I read a good article a while back in one of the online engineering journals I subscribe to. I will see if I can dig it up. It talked about this particular issue.
I'd say if you compare current (pun intended) quality made motors to older motors of applicable HP, you wouldn't see much difference. The big differences become apparent with the cheaper, more common lower end motors, that are made extremely competitively today.
zkling, off to dig for that article.
