Exactly.

Horsepower is, interestingly, a calculation as opposed to a measurement.
Precisely the philosophy practiced by BMW's M division. Their ethos is the pursuit of good power in high revving engines without having to compensate and compromise for too high a torque delivery which puts great strain on transmissions, clutches, differentials, prop shafts and so on. The strain placed on these components necessitates significant strengthening and this invariably leads to heavier items.
Imagine how much strain the Veyron's 1200 Nm exerts on these components and you get an idea of why the car is almost twice as heavy as an F1.
Furthermore, the M5's rather modest (it's actually not modest at all) torque output compared with forced induction rivals is actually an advantage in that it combines well with the SMG III gearbox without requiring unnecessarily weighty modifications. And, of course, therein lies another of the M5's trump cards: a gear ratio is a torque multiplier and the M5 has 7 of them. What this means is that, because the engine revs so high, the gear ratios can be shortened* thus multiplying the torque at the wheels whilst still enjoying high top speeds in each gear courtesy of the 8250 rpm rev range. Brilliant. Motorsport technology for the wealthy(ish) man on the street and that's just one of the things that makes this new M5 such a technical tour de force.
[Pity, then that it guzzles gas like a camel that's been out in the desert for a month - but hey, if you want those horses then you must feed them.]
You're most welcome. Eventually, bear in mind, I will reach my level of technical incompetence and you'll have to direct your questions to an engineer.
* Saying that the gear ratios are shortened is actually a misnomer but it's so commonly used in modern car speak that it's become acceptable. In fact, the larger the ratio of geared output vs input, the shorter the gear in driving. i.e. first gear has a bigger ratio "4.35:1" than sixth gear "0.95:1"