Calculating flywheel HP from wheel HP (HP) is not at all accurate, and not worth doing.
One of the real benefits of dynamometers is that they show WHP, which is all that really matters.
You can have two identical cars (engine-wise), but due to different engine oil, tranny fluid, and even tire type and pressure, you can have different WHP numbers.
WHP numbers are all that really matters.....in reality, only the wheel torque numbers across various rpms. HP is not a "real" measurement, it is a calculation of torque & rpm (work over time). Torque is "real".
To prove the point, look at some common cars out there. An LGT 5MT with 250 rated flywheel HP can crack high 13s. Any Nissan with the 250-270 HP 3.6 V6 (depending on the model) is only good for mid 14s. Flywheel HP is irrelevant in these comparisons.