Hi there
For me I'd want the Merc in a straight line race, especially run rolling where 90% of the time you'd feel the benefits.
For me BHP, Engine Displacement and lets not forget torque is what effect acceleration plus rolling. Another major factor is aero-dynamics.
An example would be a Corvette C6 (1450kg) against a tuned EVO 9 (1450kg) so both running circa 400BHP.
Only difference is once moving the Corvette is gonna walk away from the EVO even though they have similar power?
Reasons are:-
1. More power getting to the tarmec
2. Corvette is very very slippery (aero-dynamics)
3. Engine displacement!
When I drove a Z06 I was shocked how bloody quick it accelerated into three figures, was mind bending the acceleration, made the Mustang feel slow into 3 figures, thats how fast it was. Yet the Mustang had more power, for me what made the Vette faster was mainly its slippyness compared to the Mustang brick like design. Then it had displacement, a whole 7.0l of goodness.
However when racing off the mark, then lightweight, traction all come into play but for real world usage give me BHP, Torque and engine displacement every time, unless its a racetrack, then lightweight all the way.