Exactamundo my friend. On the CV-580, cruise power and takeoff power is set to TIT, turbine inlet temperature. This is always how we set power to match engine temperatures. Horsepower was always close.

One time, we actually were hauling horses in the cargo hold, so we actually had 8,000 hp from the engine, plus 6 horses in the plane, so we had 8,006 horsepower!