If a car says it has 500lbft of torque at 6700rpm then you want to shift at 6700rpm. And that's with pretty much any car. The difference between shifting at the redline or at the torque peak is minor but still faster. In this game anyways.
If it truly is faster to always shift when the engine reaches torque peak in the game, then PD seriously effed up a very basic part of their models.
You want to shift at the point where torque
at the wheels is higher
in the next gear. Remember, the transmission acts to multiply torque. When you shift up to a higher gear, the multiplication factor goes down.
Let's say that you have a car with a 3.5:1 first gear and a 2.0588:1 second gear (using ratios from the transaxle in my 951) with a final drive of 3.375:1. This gives us overall ratios of 11.8125:1 for 1st and 6.94845:1 for 2nd. The car hits peak torque of 299 ft-lbs (values from dyno runs) at 4,300 RPM and maximum power at 274 hp at 5,100 RPM.
At 4,300 RPM in 1st gear the wheels are receiving 3,531.9375 ft-lbs of torque (thanks to torque multiplication from gearing) and are spinning at 364 RPM. If I shift into 2nd at that point, as you suggest I should, I'd be dropping my engine down to 2,529 RPM where it produces only about 160 ft-lbs of torque. That's 1,111.75 ft-lbs at the wheels. I'd lose out on a whole bunch of power. Not only is this much lower than the torque at the wheels in 1st, it's lower than the torque at the wheels would be if I shifted at redline.
Now, if I waited until redline (6,400 RPM) the engine is, admittedly, only producing 185 ft-lbs of torque. However, thanks to the 11.8125:1 multiplication from 1st gear, the wheels are still seeing a massive 2,185.3125 ft-lbs and are spinning at 541.8 RPM. Shifting into 2nd at that point would put the engine at about 3,765 RPM where it's making about 270 ft-lbs. Because the multiplication from gearing is lower, however, I'm only seeing 1,876 ft-lbs at the wheels.
For that car, because of the gearing and the engine's power curves (since it's an older single-turbo design it's dead below 3,200 RPM), I'm best if I shift only at redline.
The bottom line is that it's simply not possible to say "shift at torque peak" and have that be right. The right time to shift depends entirely on the power curve of the specific engine and the way the transmission has been set up.