OK, the power loss through the drive train is pretty much an absolute figure
rather than a percentage (if we are talking about losses between the flywheel
and the road). I hate the use of percentages on modified cars (unless you
are expressing the difference between the measured crank power and the measured
wheel power as a percentage

).
Torque is a force (well, technically it's a moment a of force).
Power is the amount of work done in a specified time interval.
Again, to simplify, the power of the engine is the amount of torque it outputs
over a certain time period. This is normally expressed:
Engine RPM/5250 * torque = power. (on your dyno plots torque and power should
cross/touch at 5250 RPM)
disclaimer: I am using 5250 from memory, it may be wrong.
For arguments sake, if a standard car makes 200bhp@crank and loses 40bhp through
the transmission this represents a transmission loss of 20%. If the same car
is tuned to 400bhp and the same 20% loss figure used it now loses 80bhp through
the transmission. This is 40bhp, or ~30KW, of addtional power loss. Where did
we lose this extra power? The tranmission components are identical! (most
tranmission loss is power loss in accelerating rotating components). There will
be a slight increase in losses as you exert more load on components, more hysteresis
and therefore more heat. Not 30KW worth though.
Personally, I think wheel figures are fine
