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Tomislav:
1. Tests of the Hs 129A with the Argus engines showed it being 12% underpowered. The Hs 129B received a power upgrade from two 460 HP engines to two 750 HP engines.
2. If the Hs 129B was underpowered, it would have been strange to install a 1000 kg gun under the fuselage. Even the Germans weren't that desperate.
Kris
I'd say that, if the 129 was not being underpowered, it would've have performance figures of contemporary twins (Beaufighter, A-20), or at least some kind of self-defence (like Ju-87, or Il-2 from 1942/43), or both. Yet, it did not have any of those properties.
The attempts to mount yet another foreign engine (Isota-Frachini Asso) point to lack of power, too.
As for 1400 HP to drag around a 1000 kg of weaponry, SBD Dauntless was able to do the same. Ju-87D ditto.
And yes, Germans were desperate in time 7,5cm was being mounted on the 129.