It was the first 400mph fighter.
.... It had a much lower bomb carrying capability. And of course, one hit anywhere in the cooling system and it wasn't likely to make it home.
Oh, no, the P-38 was not the 1st 400 mph fighter.
One hit in the oil system of, say, Corsair also means an aircraft lost. There was a reason why F7F, F8F, FM2 and AU-1 have received oil coolers that were armored/convoluted/protected by engine.
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None of these specs had been achieved previously, and the only engine available in '38 when Kelsey wrote the spec was the V-1710, and both he and Johnson recognized that two engines would be required to do the job. I'm curious-just when did the R-2800 become available, and when/how did the turbocharger development with it take place? I'm assuming it was a little behind the 1710, but honestly don't know. One point of interest-according to Kelsey, the '38 was designed as a versatile fighter right from the start, not as an "interceptor". He created the interceptor name/classification as a way to get around the AAC limits and restrictions of the day.
The R-2600 was powering the prototype of the Boeing 314 in 1938, 1500 HP. 1st run in 1935.
The 2-stage supercharged R-2800 propelled XF4U-1 in late May 1939. 1st run in 1937.
Turbocharging offered a number of advantages over mechanical supercharging (along with disadvantages). Mechanical superchargers take a lot of power to drive-I believe I've seen around 250hp discussed for the Merlin (correct me if I'm way off base-could well be). Lets assume for the sake of argument that that is true-for a net output of 1400hp, you need the engine to produce 1650 (to provide the power to drive the SC). Which means the engine is stressed more. The intake charge has to be compressed that much more, heating the charge more. The structure of the engine needs to be built around that. And of course you burn the fuel of a 1650hp motor, not a 1400hp one. The turbo, being powered from "waste" energy, doesn't have those issues-your 1400hp engine puts out 1400hp. Fuel economy is theoretically better. Mechanical SCs were typically gear driven with a transmission to shift gears (at least in 2-speed ones). That gave peak power at the point where you shifted into the next higher gear-with power dropping off as altitude increased (and boost of the fixed-speed SC decreased). Turbos were infinitely variable in terms of compressor output. (poorly worded, let me explain). The turbocharger's boost was set by a wastegate, which adjusted the exhaust "energy" driving the turbine blade. Fully closing the wastegate drove all exhaust gas through the turbo, opening it bypassed it. Boost was regulated by the degree to which the waste gate was opened. In theory at least, peak power could be maintained from sea level up to the maximum altitude where the turbo could still produce rated boost (assuming no other limitations, such as intercooling capacity).
Aircraft were pushed through air by thrust. The exhaust thrust was there on mechanically-supercharged engines, not so much on turboes.
If designer did it's homework right, the mechanically-S/Ced engine will make a good use of ram effect (pushing up the rated altitude by 4000-5000 ft), again the turbocharged engines will gain perhaps another 1500 ft in rated altitude - all figures for max speed. That is not some academic question, since the good use of ram effect = gain in power. See here - a gain up to 400 HP due to ram effect; almost 300 HP at 30000 ft. Calculate in the gain due to exhaust thrust (10 to 12% gain above 20000 ft, greater percentage as altitude increases = 'free thrust'), and a good 2-stage engine is no worse than a good turboed engine power-wise, while being easier to install, lighter, and requiring less volume = less drag.