It doesn't matter how you try to dress it up - the info from a 1/4 mile time slip is FAR more informative on the power potential of a given eng/car combo than any dyno sheet! By 1/4 mile info I mean ET, TS, 60ft & things like ambient track air temp/humidity.
If the track is "sticky", as you've put it Steve, the 60ft time will reflect this. A car on a sticky track that records poor 60's has either bogged on launch, had w/spin, or clutch issues. The driver will KNOW this for a fact, likewise with the ambient track temp/humidity conditions. This info is recorded on the time slip! (Well it is on all of mine).
Sure there's the potential for inaccuracies in the track timing & temp equipment but I'd tend to put more faith in the ANDRA governed drag strip equipment than a totally unregulated Dyno Dynamics (*insert preferred brand of dyno here*) dyno.
I think the best all round solution to dyno v 1/4 info is to have both on hand. If you make gains on the dyno & the ET & TS improve (most importantly TS) then you've made a step in the right direction.
My $14.99 (unavoidable price rise due to impending Gulf conflict)