Interesting...
1) You're comparing the Lexus V8 to the AMC258, which has been out of production for 15 years or so, didn't have modern controls, and was a good engine, but could have been better.
2) You're comparing "peak" numbers - which can be "apples to oranges." If you want to really compare engine performance for a given application, figure out what that engine is going to be used for. Don't look at peak numbers for both engines, take a look at the performance of both engines from off-idle to about 3000rpm. Most V8 engines end up making their peak torque at around 4000-4500rpm, with a rather "sharp" or "pronounced" torque peak. An advantage of the inline six is that the torque "peak" isn't really - it's more of a torque "plateau," and the actual "peak" itself happens at a much lower rpm than a V6 or V8 engine. The AMC242, for instance, makes around 80% or so of peak torque "off-idle," which is where it needs to be in a truck engine. Most V8s are somewhere under 50% - usually far under.
I'm not trying to run down the idea - just give some airtime to the thinking that should go into it, and perhaps to help figure out why it hasn't been done yet... Few things give all the details that should be borne in mind at first gloss, y'know...
5-90