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The wall decides. Not the box.
Before comparing any two vacuums, there is one piece of arithmetic that settles a surprising number of arguments: a vacuum cannot deliver more power than the outlet gives it.
A standard North American household circuit is 120 volts. Multiply volts by amps and you get watts — the total electricity available. Divide by 745.7 and you get horsepower. That result is the ceiling before the motor turns any of it into heat, noise and vibration, which is where most of it actually goes.
1320WElectricity available
1.77hpCeiling, before any losses
~1.2hpRealistic at the shaft
3.7×Claim vs the ceiling
Even on a dedicated 15-amp circuit — 1,800 watts — the absolute ceiling is 2.4 horsepower of electricity, and a real motor never converts all of it. So when a wet/dry vacuum that plugs into a normal outlet is sold as 5, 6 or 6.5 horsepower, that figure is not describing anything the machine does in your garage. It cannot. The wall will not supply it.
Nobody defines this number
Air watts, water lift and airflow all have established test methods behind them. "Peak horsepower" has none. No standards body specifies how it must be measured, no regulator requires it to mean anything in particular, and there is no obligation on a manufacturer to state the conditions the figure was taken under.
A number with no definition cannot be compared between two products, because the two companies quoting it are not necessarily measuring the same thing. That is not a conspiracy — it is just what happens to a figure nobody is required to standardise. The arithmetic above is the only check available to you, and it is enough.