the whole percentage thing is a vast oversimplification of this situation. The transmission/valvetrain does not eat a set amount of power, nor does it eat a certain percentage. If you have a stock 200 hp motor, the C6 will probably take a relatively large chunk to turn, here, we'll say 50. This is where you might see a 25% loss. However, once you get up to, say, the 400 hp level like you're approaching, while the total amount of horsepower lost through the drivetrain increases (due to heat, friction, and other increases that naturally stem from more agressive combinations), the percentage drops. At 400 hp, you might lose 75 hp, for example, which brings your loss % to 19 or so.
Cliffnotes: A lot of rednecks create a lot of "rules of thumb" for various automotive calculations. While they may be decent approximations in most situations, they are hardly scientific and often miss large chunks of the equation, and end up being wrong. This is not to insult the redneck method (i know we have plenty of you guys on here, with far faster and better built cars than I), because their methods are time-proven to provide at least decent results, such as the famed 15% loss in manuals and 20%+ in most autos. But these approximations do have their drawbacks, and their limits. Whats actually going on is a mixture between the "it takes x amount of power to turn the transmission gears" and the "a certain % of power is lost through the drivetrain" camps. Even this is probably an oversimplification.
Uh, my cliffnotes ended up being as long as the orginal paragraph, and covered a bunch of other stuff too... shoulda organized that better... shrug...
However, 25% is a lot of power to lose for even weak engines with heavy duty transmissions. You're making a lot of power, but stick with what you know... how much you make at the wheels. Its highly doubtful you're making over 500 ft-lbs at the crank, but it doesn't really matter anyway, you have a fast car. Only way to truly know the flywheel numbers is to take the engine out and get a dyno on it directly.