John, you can work out the indicated HP using the formula P.L.A.N/33,000(see Roy's entry), and when you have built the engine you can measure the brake HP by measuring the torque in(for this size engine) inch oz, and RPM/ 1352 to give the power in Watts, or gram x cm x RPM x .00001026.
I only had to remember back 53 yrs, it's about the only formula I remember from my mechanics class. Still got my copy of "Engineering Science" Vol 1, by Brown & Bryant, mines a 1957 edition, but it dates back to a first ed 1937, and I don't think it was updated, still I don't suppose physics changes.
Ian S C