I bet they can. The also know the exact weight, drive line ratio and everything else about the car the engine is going into.
F1 teams do the same thing but they all have huge amounts of data and testing time under their belts.
BTR putting an LS1 on the dyno with one of their towing cams has no idea about what the final engine combination will be or what car/application it will be used in. You simply can't create a perfect engine tune for that.
But you arr so wrong because the engine Dyno is a tool.
Just because you don't know how to utilize the tool it doesn't mean others fall short like you.
Engineering is dealing with the measurement equipment you have, tribologists have to deal with this yet the arm chair experts here seem to think they know more.
Sadly the only avaliable tool we have to compare our engines is a super flow water dyno.
So we have to make do with the data and the trend in the data prooves my point.
Engineering as much as it is doing algebra it's also translating data.