huge smoke doesnt mean big power but in some cases it can as you witness with the sled pullers!...
Mod pullers use fuel to cool the egt's, most people are taught as you add fuel in a diesel egt's go up (opposite of a gasser). While this is true, it is only to a point, when you overfuel a diesel hard enough it will actually start putting out the fire, and start cooling off again. Even with massive a/w intercoolers, and huge amounts of water being injected, it is still very difficult to cool 2500hp+ worth of air mass.