I think I may have said this before but I feel the need to say it again. The number on a dyno is just a number. If the number goes up you are making more hp and if the number goes down you are making less. The important thing is the air fuel ratio and how it runs at the track. Ultimatly, the track is the greatest dyno of all. Also anyone who tunes for max power on the dyno is an idiot as NONE of the dyno loads are equal to that of the road or track. That being said i recommend doing your baseline and tuning pulls all on the same dyno, which ever you choose. I have tuned on several different types of dynos and yes on a Mustang dyno you can change the variables to make the hp and torque read different. Bottom line pick one dyno and one tuner who you trust and stick with them. Thats what's really important.
Yes, the numbers output by a dyno are just numbers. I also know that the performance on the track is a valid concern for those vehicles whos owners want maximum track performance. In some cases, you will find that max power and lowest ET do not have a direct correlation, as I am sure you know. In these situations, you are right that the track is the "best dyno of all."
You are also correct that the load simulation offered by any friction brake dyno is not a completely accurate representation of what a vehicle experiences on the road. However, it is the best technology available currently. In addition, the difference between road and friction brake dyno, in my opinion, is negligable in terms of the longevity/performance/safety/reliability of the tune. I, too, have tuned on several different dynos and can vouch for this (as I am sure you can). On a base model dynojet, however, this can be a different story.
As far as those who tune for max power on dynos being idiots, I feel I should at least qualify this statement. In my opinion, those who tune for max power on a dyno with no resistance capability are misguided and may fall into the idiot category. Those who tune for max power on a dyno with some sort of resistance capability are good to go. As we agree, this may not be completely ideal, but it is the best and only option for max power tuning.
If you tune for MAX POWER anywhere other then a dyno with resistance capability, you are an idiot. Where else are you going to tune for max power? On the road? Oh wait, you have no way to view or datalog horsepower and torque readings.