That would explain it.... thanks for clearing that up.
He's definately making more power than you.. but not much believe it or not. It's the weight difference.
20 pounds = 1mph
notice how your 60' , 330', and 1/8th are almost identical in ET (with you being slightly quicker)?
Then look at his 1/8th MPH... 1.4mph faster. Then look at his 1/4 trap speed...that same 1.4mph advantage.
That little extra bit of weight is what's making him accelerate faster than you... resulting in lower ET's. Not so much the bike.
Judging by the fact that the bike itself equates to the remaining 0.4mph... I'm guessing he's only got 3-4rwhp more than you on the dyno.
At your weight... you're going to need an extra 5-6rwhp to make up for that 1mph... and another 3-4rwhp to match his bike's 0.4mph advantage.
That's roughly 8-10rwhp you'll need to beat him consistantly. I'd look into a set of Yosh cams my friend!